I had noted the relative strength in Skyworks Solutions (SWKS) at the very beginning of December.  Since then the stock has been consolidating a rebound off what I considered a very unfair selloff based on what the market considered poor results by 2 of its peers.  The baby was thrown out with the bathwater but technically the stock is looking much better now.

After 3 weeks of building a base, the stock appears to be in the early stages of breaking out; we'd like to see a close over $14.15.  I have renewed our affair with the stock at $14.18, with a 2.7% allocation.  As long as the blue line above (20 day moving average) is held, the stock should be in fine shape.

We sold off all 3 RF Semiconductor stocks (SWKS, TQNT, RFMD) in mid October, but now have 2 of the 3 back.  I am looking to add to TriQuint Semiconductor (TQNT) soon as well; but since it head faked me out of half of our position about 2 weeks ago, I am going to await some more strength before adding back.

Long TriQuint Semiconductor, Skyworks Solutions in fund; long Skyworks Solutions in personal account