I wrote: "Here's a look at the leading chip stocks. They have had a heck of a six-day run through Friday the 15th...The semiconductor index (SMH) was up a spectacular +4.08 pct W/W, which was another surprise. I think the stock touts on CNBC are running full-time to pump financial and technology stocks on account of the heavy market weighting and typical leadership of these sectors. I think both are toppy. In fact, one third of this week's gain in the SMH happened immediately at Monday's open. Talk about hype. The same event occurred the week earlier on Monday morning. This is called "stock promotion"."

Well, you were warned. Today 9 of these 10 were down. More to come.

Taiwan Semi (NYSE: TSM) certainly doesn't look too healthy, technically speaking.

A little chip and dip.