...This Sox is still on the scene everyday and still leading the way with its footsteps. SMH, the equity holding instrument for a basket of semiconductor stocks that the SOX index tracks, was certaintly at the forefront of the technology bubble in the '90's. But unlike the since-watered-down NQ, it's still leading the way in the markets. Keep an eye on this vehicle during the trading day as a cue for direction and trade setup. With the Range High/Low Opening Signal and early downside leadership shown by the SMH this morning, an early sell setup in the ES was worth a quick 6 pts, 12 pts in the NQ and about 50 in the mini-Dow (YM). Study the rules for the 1st hour trade setups in the training course from ValhallaFutures, found today through futurestrade.com. (click image to enlarge)