SMH AKA SOX TARGET 5 OF 5 OF 3 283/290 Look for an issue at 267.60 after that 270.6 then NO ISSUES TILL 283 TO 290 WAVE 5 OF 5 OF 3
SMH trade ideas
SMH - Trying To Get Back Into Bullish TerritoryYesterday's break below ~$267.70 puts SMH on track to move lower towards the other side of the lookback periods (ORANGE & RED dotted line) at ~$255-$249.
Only a move back above $267.70 puts the bulls in control.
Given the way the S&P's are trading and the negative tape at large, I favor shorts in SMH.
semis daily 9 $SMH $SOXL$SMH $SOXL are printing daily 9. I judge these 9s as reversal 9. The QQQ is showing strength on this reversal. Some good individual semi plays to look at: $LASR $MRVL
$SMH Flirting with Danger Zone w/ Implications for the MarketSMH has been a clear leadership area in the market. But the ETF is flirting with a technical breakout failure on a large timeframe.
Of such things big tops are potentially made. This gives the broad market a yellow-light status.
SMH running up last leg before Sept
Bounced off wedge support 8/12
OBV/RSI / MFI all curving upwards.
Im long up into Wedge top. So notable earnings this week under this etf are
NVDA
Amat
Also Qcom has broken out from underneath its recent resistance.
Look for the reversal as September nears.
SMH - To short or to press - This is the Question..Top of the ascending channel.. Doesn't mean it won't overshoot but I like the probability here..
(Opinion Only)
SMH TARGET 269 PLUS WE may have ended a wave E LOW IN CHIP SECTOR at a min a target of 269/271 should be seen rather fast
SMH breakout comingSMH looking very bullish, nice double V bottom, momentum looks to be flipping bullish soon.
Semiconductors Don't Like Expensive CreditSemiconductors have been rangebound since rates increased in January. Tech and in particular semis lead the market due to it being capital intensive. Rates have started to lower but semis cannot breakout. Long consolidation patterns usually end with an impulsive move to the top or the bottom. The way semis move will dictate broader markets.
VanEck Vectors semiconductor ETF technical analysis.anticipating to breakout the previous correction and form new high.
Don't get married these semis SMHStart watching semis and tech at some point
rotate out and into banks not yet not know
watch weekly, still a long careful
TOP TOP TOP SOX INDEX I have now just moved to a net short short in sox cycle peaks was due 6/6 to 6/11 sharp drop into june 24/29 cycle low
$SMH Darvas Box Break-outI have been watching $SMH since it broke the short term downtrend. It has now moved up to breakout of the top range of the Darvas Box. I'll put my stop just below yesterday's low. The whole of chip sector seems to be perking up. This is a great way to play them without individual stock risk. Ideas, not investing / trading advice.
$SMHSMH full week of tight consolidation right here. over 253.36 see if we can get some upward momentum and new all time highs.
SMH about to breakoutSMH (the Geek) was resting in the small 4 day week moving laterally but was ready to breakdown on Thursday. But the jobs numbers on Friday being moderately light vs expectations made one more month of positive news for the market signaling "transitory" inflation. That was the turning point as mentioned in my last weeks report. An engulfing candle on Friday and an uptrend MACD makes this extremely bullish. After Fridays action, I see Geek moving higher as 3/4 of the stocks in the group got pummeled way under 21 day ema. This put those stocks this coming week trading above 8 day ema at least. Its possible that it can rest here for a couple of days as well.
Semiconductors in danger UPTREND BROKEN
$SMH
Semiconductor Chip shortage news made this sector hot and pulled forward lot of earnings. Now running out of reasons and it is a matter of time for a pullback to $200-210 area. Uptrend clearly is broken $240-245 is 🗝 to 👀
$NVDA
$QCOM
$LRCX
$INTC
SOX, SMH needs to hold hereTheres a saying that SEMIs lead the market. $SMH finally broke an upper band trendline that took alot of work to do because of very little volume. Its tired and wants to rest. This is an important test but bids need to come back. Will June be the month when buyers pile back in? My gut tells me we hit 252 this week then break down again or at least stay above the band. Stocks that had great earnings but got slaughtered will do well. $SMH will be range bound till July earnings.
SMH staying short UpdateSMH daily wants to head up I was short 244
took some off at 227, 3/4 off own 1/4
added a little today so my entry know is 245 just few shares
Weekly says stay short.
Just because I am long term does not mean u dont take some off.
I re add back in later called managing my money
not the stock, same goes for longs
