While Trump's election provided the catalyst to stimulate frenzied buying, it has been Semiconductors which have done most of the hard work. Today's gain provided a cushion to the consolidation built up since September. Since the election result the buying in the markets has looked panicked, but action in this index has look very controlled. This is good news for Semiconductor stocks, but it should be good news for the Nasdaq and Nasdaq 100. Of the Nasdaq, it's approaching resistance from September. Action in the Semiconductor Index, along with net bullish technicals, suggests further gains could be on the table.