Semi Conscious

One thing nobody can complain about is a lack of action, catalysts or news flow. I mean, just when you thought your brain couldn't process another trading implication from a new piece of data, you get news of this Anderson vs. Jobs celebrity death match. Somebody get on making that video for YouTube, and we'll feature it on this blog.

Texas Instruments' (TXN - commentary - Cramer's Take) big pop dominated the action today, and it keyed the rally from the morning doldrums. The semi indices were up about 3% on the day, too, as the Street extrapolated Texan's strong guidance out to the rest of the sector, rightly or wrongly. Even endlessly trashed and lamented names like Micron Technology (MU - commentary - Cramer's Take) got into the works and popped a bit.

I remain focused on finding great paired trades. I'm still building a few long positions in some semi names that I've been alluding to since I first wrote that I wanted to buy these stocks, and I'm also building some short positions in some semi suppliers, as I've been mentioning lately, too. More on each, including more names, in coming days and weeks.

Aaron and I spent some time parsing which subsectors and names in the semi space are hot and what's not in today's episode of "Cody & Task." Analog like Analog Devices (ADI - commentary - Cramer's Take) is good; communications like Xilinx (XLNX - commentary - Cramer's Take) is bad. And other than that, we've got still got Microsoft (MSFT - commentary - Cramer's Take) coming down the pipe later this week, too. Stay sharp! See you tomorrow.

At the time of publication, the firm in which Willard is a partner was net long Google, Micron Technology, Microsoft, Apple and Apple puts, although positions can change at any time and without notice.

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At the time of publication, the firm in which Willard is a partner was net long Google, Micron Technology, Microsoft, Apple and Apple puts, although positions can change at any time and without notice.

Cody Willard is the manager of CL Willard Capital Management, LLC. He is a regular guest on Fox News, CNBC and other networks, and he writes a monthly column for the Financial Times. He is also an adjunct professor at Seton Hall University and the author of TheCodyReport.net, a monthly stock market newsletter. Willard appreciates your feedback -- click here to send him an email.