I can’t remember the last time the market looked this good.
Breadth is expanding, participation is widening, and risk appetite is back on the rise.
After a dull stretch last month, we’re right back in rally mode — and we’re doing it fiercely.
And if there’s one group that tells the story best, it’s the semiconductors.
Chips are the ultimate risk-on barometer. As they go, the market goes.
After a clean, tight consolidation above prior highs, they’re now breaking out to their highest level in history.
As long as $SMH is above 285, the path of least resistance is higher for this leadership group.
And if you look back at history, semis have always proven just how critical they are.
These are the most important businesses in the world right now — the AI-driven leaders of this bull market.
As long as semis keep powering higher, it’s really hard to be bearish.
In fact, the stage is set for a year-end rally.
This is the kind of backdrop where you don’t want to hold back.
We’ve been holding the $MU 10/17 $135 calls since late July for Breakout Multiplier. We made the bet that support would hold — and it did. Those calls just hit $25.10, a 697% gain from entry. I’ve unlocked this trade for informational and educational purposes here.
