The Semi's are weak and until they are well, I am getting more bearish

The semis are weak and I think will undermine this rally. I don't think the telecom's can overcome them, but I could be very wrong.
http://stockcharts.com/h-sc/ui?s=smh&p=D&yr=0&mn=6&dy=0&id=p53930487504

Moved half the remaining way into RYVNX and RYTPX and added to a tad to RYCWX. Plus picked up some April puts on the QQQQ's and May on the SPY's. Liquidated about 2% of the long positions in my account. Hanging on to energy,
gold, silver, plus AVII.

Should have a nice gain on my RYVNX today. But AVII was painful.

Still on my short countdown clock for another market decline.

I still think we will be signficantly lower by mid April ($SPX 1230-1180), but there is a slim chance this market could breakout for a real rally. My technical indicators aren't saying that though. Time will tell.

As always do your own due diligence and make your own decisions. No one knows for certain what tomorrow will bring. Only you can be responsible for your own decisions. I may hold bullish and/or bearish positions without warning and these may change without warning.

The real purpose of these notes is to help me understand why I make the moves I make. Looking back I hope to understand what worked and what didn't. Life is a real learning experience with real money, real bodies, real consequences, and real rewards.