The way semiconductors are moving looks shaky. At the open, SMH surged to 582, SOXX jumped 3.6%, then slid all the way back to 573, giving up all the gains. NVDA only up 0.7%—not exactly the leader pulling the pack. AVGO followed with 1%, but still not strong enough. This kind of move is most likely driven by passive ETF buying. Consumer is flat, financials aren’t moving, energy is just 0.3%. Aside from semiconductors, no one else in the market is following. Pulling the cart with one leg won’t go far. I’m not chasing this. This move feels like a fake breakout.