SMH bull thesis: closing above the 50-day MA triggers a multi-day rally.

Interestingly enough, SMH, we've actually been watching SMH and IGV. Some days it seems like the hardware gets pounded and the software trades all right and then the next day it's reversed.

So, we've been kind of looking at both of those. The SMH here, this looked to me like it was button up against the 50. Now, today I know it's early. It's still in the pre-market. We're trading above the 50 here.

Let me ask you, do you think that if we get a close above the 50-day moving average or maybe a couple of closes above it that we might actually make a run, a multi-day move higher in the semiconductor index?

I definitely do because it's felt like it wants to and it and they've just been waiting for the right the the right time to do it and closing over that 50-day that gives the bull the bulls the green light.