SPDR S&P Semiconductor (XSD)

This ETF was on every bulls watchlist until late February.

Watch the relative momentum chart closely. RMI indicator red shows underperformance vs SPX.

XSD is now trading below its 50DMA. The bulls must be wondering what happened to their beloved semis?

For more information on how we evaluate stocks, check out Seven Steps to Better Stock Trading, Part 1 and the video in Part 2.