Yesterday, I mentioned SOXX was just a hair away from hitting a new high at 632. Today, it smashed right through. SMH is up +7% to 660, and SOXX is up +8% to 639. Both are knocking on the door of their 52-week highs, and it’s not just NVDA pulling the weight—NVDA is only up +1.6% today. Meanwhile, SPY dropped half a point. The overall market didn’t move, but semiconductors are throwing a party. Money isn’t being spread everywhere; it’s concentrating in one direction. SMH’s 52-week high is 664—it touched it tonight but couldn’t hold. This level will be everyone’s anchor next week. Key levels: 664 and 644 (SOXX) above, and 640 (SMH) and 610 (SOXX) below. Honestly, I don’t know how far this rally can go. If SMH retests 640 next week and holds, I’ll be watching closely. Next week, I’m only focused on one thing: whether SMH can step firmly above 664.