The Semiconductors has led the NASDAQ down. Now it is approaching to the support soon. I think we are due for some sort of bounce even if the world is going to be destroyed. So 351-376 area is where I think the Semiconductors will stand.
For the readers who followed me a while, they know I pay much attention to the Semiconductor index, which somehow leads the way of the NASDAQ. This daily chart shows no strength at all, that is why our NASDAQ is lagging S&P and DOW.