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SMH

SMH rallies to new highs with room to goSMH rallied to new highs today and into higher trading area which originally appeared to be very overbought 1 hour interval shows both 10 and 20 RSI levels in overbought territory 2 hour interval shows 20 RSI having more room to grow. initially exited riskiest positions figuring on this new high being way outside the bounds of normal This is now looking to have some more room left in it. expect a small pullback or pullback in time over the next day or two.
NASDAQ:SMHLong
by ratchet-mint
SMH held its ground above key support levelToday was an important day for semi conductors. In order to solidify a bullish pivot it needed to remain above a key support level. SMH held above key support lack luster moves across the market indicated indecision and caution amongst traders about the future being bullish or bearish This could mark the sign of a turn around to the upside longer term considering the recent rally and today's modest moves, this could be the distribution phase of the rally cycle which would mark a small pullback in the coming days
NASDAQ:SMH
by ratchet-mint
Intel Corporation (INTC) Stock: A Investment Opportunity ?Intel Corporation's recent earnings report has raised some concerns, but there are several reasons to remain optimistic about INTC stock. Despite a challenging Q2, Intel is strategically shifting production to its high-volume plant in Ireland, positioning itself for long-term gains. The company's focus on cutting-edge chip manufacturing and AI advancements highlights its commitment to innovation. Moreover, Intel's diverse portfolio, including the promising Gaudi AI products, provides a solid foundation for future growth. With strategic cost-cutting measures and a strong financial position, Intel is poised to rebound and deliver value to its investors.
NASDAQ:INTCLong
by Maximus20000
SMH tests major resistance lineSMH approaches major resistance line after flash crash a few days ago SMH rallies to major resistance line 20 RSI remains below 50 which is a bearish sign that the recent rally is running out shorter timeframes show a dramatic drop in volume during the rally which is another bearish indicator August and September are historically bad months for the stock market I am expecting SMH to test the resistance line, possibly breakthrough then pull back before continues selling. Not putting on any trades, waiting for confirmation.
NASDAQ:SMHShort
by ratchet-mint
5
SMH | SHORTNASDAQ:SMH VanEck Semiconductor ETF (SMH) Weekly Analysis: Current Price Action: SMH is trading at $218.43, down 9.10% for the week. Price has breached the upward trendline support, indicating potential further downside. Key Levels: Bearish Line: $214.18 Target Price 1: $199.15 Target Price 2: $172.35 Target Price 3: $155.65 Target Price 4: $136.10 Support Zones: Immediate support is expected around $199.15. Further support levels are $172.35, $155.65, and $136.10. Resistance Levels: Resistance is at the broken trendline near $240, followed by the recent high around $300. Relative Strength Index (RSI): RSI is at 53.98, trending downwards, suggesting weakening momentum. Volume: Volume is significant at 75.462M, indicating strong selling pressure. Conclusion: SMH's breakdown below key support levels and significant bearish momentum suggest further downside potential. Watch for reactions around $199.15 and $172.35 for potential entry points or further declines.
NASDAQ:SMHShort
by shkspr
$SMH ETF Algorithm Momentum Indicator Started Accumulating on May 6, with our buy alert from our proprietary algorithm momentum indicator. ### Algorithm Momentum Indicator The Algorithm Momentum Indicator (AMI) is a sophisticated trading tool designed to identify the strength and direction of market trends. By leveraging advanced computational algorithms, the AMI analyzes price movements, trading volume, and historical data to provide traders with precise signals for potential buy or sell opportunities. #### Key Features: 1. **Trend Detection**: - AMI uses mathematical models to detect the initiation and continuation of market trends. - It helps traders identify whether an asset is in an upward (bullish) or downward (bearish) trend. 2. **Signal Generation**: - The indicator generates clear signals based on momentum shifts, alerting traders when to enter or exit a position. - Signals are typically represented by graphical elements such as arrows or color changes on the trading chart. 3. **Customizable Parameters**: - Traders can adjust the sensitivity of the indicator by modifying its parameters to suit different trading strategies and timeframes. - Customizable settings allow for fine-tuning to match individual risk tolerance and market conditions. 4. **Integration with Trading Platforms**: - AMI can be integrated with popular trading platforms like MetaTrader, TradingView, and NinjaTrader. - This ensures seamless usage and real-time analysis during trading sessions. 5. **Backtesting Capabilities**: - Traders can use historical data to backtest the AMI, evaluating its performance over various market conditions. - This feature helps in optimizing the indicator for better accuracy and reliability. 6. **Visual Representation**: - The AMI often includes visual aids such as histograms, lines, or oscillators to represent momentum. - These visual tools make it easier for traders to quickly interpret the indicator’s output. Benefits: - **Enhanced Decision Making**: Provides actionable insights that help traders make informed decisions. - **Risk Management**: By identifying potential trend reversals, the AMI aids in managing and mitigating risks. - **Versatility**: Suitable for various markets including stocks, forex, commodities, and cryptocurrencies. - **Time Efficiency**: Saves traders time by automating complex calculations and providing ready-to-use signals. Use Cases: - **Intraday Trading**: Ideal for short-term traders looking to capitalize on quick market movements. - **Swing Trading**: Helps swing traders identify medium-term trends to maximize gains. - **Long-term Investing**: Assists long-term investors in confirming trend directions for strategic positioning. The Algorithm Momentum Indicator is a powerful tool that combines advanced algorithmic techniques with practical trading insights, making it an essential component of any trader's toolkit.
NASDAQ:SMHLong
by AlgoTradeAlert
Opening (IRA): SMH 2 x July 19th 210/215 Short Put Vertical... for a 1.00 in credit. Comments: Part two of delta adjustment trade ... . Instead of rolling up the 205/215 short put vertical, I closed it out (See Post Below), and then re-erected a 2 x 5 to delta balance against my call side, whose short leg is at the -32 delta strike. This doesn't increase buying power effect, since the 2 x 5 is equivalent to the 1 x 10 on the call side. The end result is a 2 x 210/2 x 215/255/265 iron condor, -5.79/3.42 delta/theta on which I've netted 3.36 in credits.
NASDAQ:SMH
by NaughtyPines
Closed (IRA): SMH July 19th 189/199/275/285 Iron Condor... for a 1.17 debit. Comments: Mixing and matching profitable put wing with profitable call wing from iron condors put on at different times (See Posts Below) to de-risk running into NVDA earnings on 5/22. (NVDA is around 21% of SMH holdings). The resulting setup is a July 19th 205/215/255/265 on which I've collected a net 3.23 in credits; delta/theta -.28/3.45. I'll look at doing a delta adjustment post-earnings if necessary.
NASDAQ:SMH
by NaughtyPines
Opening (IRA): SMH July 19th 205/215/275/285 IC... for a 2.17 credit. Comments: An additive delta adjustment to the current SMH IC I have on. (See Post Below). With the original setup's short call aspect converging on -25 delta and the short put converging on +10, selling a skewed IC with the oppositionally delta'd short call/short put (i.e., at the +25 short put and the -10 delta short call) to bring back the position back to net delta flat with 63 days until expiry. 4.40 total credits collected with a current delta/theta of 1.02/5.81.
NASDAQ:SMH
by NaughtyPines