Semis still strong

After consolidating for 7 months the semis are on the move. Semis are economically sensitive and tend to lead an economic expansion. For the market to have a meaningful decline I believe we would need to see the economy falter. The semis are saying on the contrary the economy is ready to accelerate again. The tech sector has held up much better on the last several declines. The Q's are actually up on the week while the S&P and Dow are still down a bit. I try not to get caught up in the daily action. Sometimes it's hard to see the forest for the trees. Keep your eye on the big picture and currently the big picture is still up.