Breakout in semiconductors just beginning

Arguably semiconductors are one of the most cyclical subsectors.  If we are indeed observing a new shift in to cyclical offensive sectors, semiconductors should lead the way.  And they seem to be doing just that after going nowhere for 19 years.  It looks like we're in the early stages of leaving this 2 decade base and moving toward the 1.618 Fibonacci extension where I expect some consolidation will occur.

This is a very volatile technology subsector and is often difficult to hold.  My favourite ETFs in this space are SMH and XSD.