Semiconductors have been on a tear for years, particularly with cryptocurrency fever bleeding into the sector. One firm has absolutely exploded higher the past couple of years – Advanced Micro Devices – but, looking at the long-term picture, you can see a more troubling trend (if you’re a bull).

I shorted AMD a couple of days ago, and I think an important top is in. Looking closer, you can see where I’ve drawn my stop-loss level.