Name: VanEck Semiconductor ETF

Ticker: SMH

Price: $250.70

Needs to Hold: $232 to $246

Price Objective 1: N/A

Price Objective 2: N/A

The semiconductors have given back pretty much all their post-election gains as traders have focused on other hot spots like crypto and the banks.

I think the VanEck Semiconductor ETF (SMH) is putting in a rotational bottom here, so I'll add it to Power Plays.

The danger zone here is $232 to $246.

Nvidia (NVDA) earnings next week are a clear potential catalyst, so I expect the sector to get more attention in the next few days.

-Scott