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SMH trade ideas

SMH REBOUND - CORONAVIRUS CURE??A 35-year-old Seattle-area man identified as the nation's first person with coronavirus developed pneumonia while in the hospital but has improved after getting antiviral medication, according to a new study. A report published Friday in the New England Journal of Medicine said the Snohomish County, Washington, man remained in the hospital as of Thursday and has no symptoms other than a cough that is improving. The study, which describes the man's symptoms and treatment but does not identify him, provides the most detailed look among the six reported cases of coronavirus in the U.S. On Thursday, the CDC and Illinois state health officials reported the first U.S. case of person-to-person spread of the illness – the husband of a Chicago woman who developed symptoms after visiting China. Public health officials warn that there are likely to be more U.S. cases, including the possibility of limited person-to-person spread of the respiratory virus, but they emphasized the risk to the public remains low. The outbreak has infected nearly 10,000 people, mostly in China, and killed more than 200 there. More Virus Notes and Possible Cure Here:
NASDAQ:SMHLong
by drchelsea1
1
SMH Short Thesis The Next MonthI'm not currently short the semis but upon doing some research I found a nice setup thesis. Similar weekly candles. I see the previous time SMH found it's low about 15.7% down from that weekly candle close after 29 days. If you use the same 15% calculation after 28/29 days, it brings you to the 23% fibonacci level at $120. This is only a theory at this point and I'll continue to do some digging on it. But it looks ripe for a give back leading up to earnings or after earnings. I'm going to look for a put spread entry on Monday. Good luck - and as always, don't trade based on my opinions or hypotheses. SMH
NASDAQ:SMHShort
by StockPickingEnthusiast
SMH - Short-term BearishTRADING ACTIVE Chart Details SMH had sell signal on Daily yesterday. I entered trade but did not post. Waited for trend dots to confirm. Trend dots confirmed bearish trend very end of day. Gaps to fill below down to $111. Weekly RSI trend is about to breakdown. Daily trend dots confirmed bearish trend. I will post a Weekly view chart for SMH when trend confirms Bearish weekly view. Entry Options I am entered in the Jan 17. Expiry, 140/145 Call Credit Spread (Bearish bias). $2.48 Credit received. This trade assumes both 140 & 145 Calls will expire worthless with SMH below $140 by Jan 17. Total credit is kept as profit. Max gain and max loss both approximately $250. Average POP around 65%. Not the best. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term - GDX Bullish, SPXS Bullish, SMH Bearish
NASDAQ:SMHShort
by MoneyPatterns