Frankly, a lot of semiconductor stocks are priced to perfection and in the absence of really positive news, the stocks are a little overdue for a pullback.

A lot of the good news is already baked into the share price. We'd be on the sidelines and wouldn't put fresh money into Intel.

In the absence of any news, I think the market can stabilize on the Nasdaq. It's already dropped a massive amount. I think it's going to settle into a trading range from the mid-2000 to the 3000 level, and I'm looking to take advantage of some stocks this week both in tech and away from technology,

Positive earnings reports combined with an absence of negative ones could be enough to get the market going.

Quite simply we've got an absence of bad news, and investors want to buy technology.

The absence of bad news is one trigger for the rather good performance at the moment, but there is virtually no liquidity.