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SMH

Opening (IRA): SMH March 15th 176 Monied Covered Call... for a 172.42 debit. Comments: While I'm waiting for a July contract to open up in broad market instruments (IWM, QQQ, SPY), shopping around the ETF space for premium. Relative to broad market, SMH IV isn't horrible (the 30-day is currently at 29.3%). Selling the -75 delta call against long stock, to emulate a 25 delta short put and to take advantage of call IV skew (32.9% on the call side; 27.2% on the put). 3.58 max on BPE of 172.42; 2.08% at max; 1.04% at 50% max. Will generally look to take profit at 50% max; roll out the short call to reduce cost basis further if it doesn't get there.
NASDAQ:SMHLong
by NaughtyPines
TESLA & SMCI: the tail of Semis vs EV stocks.Tesla has had a beautiful bounce off support. This bounce comes on the back of a strong market, charging higher. If Tesla can hold above $195 it may move for the gap fill. Caution to the wind with Tesla as it has triggered a very bearish breakdown. SMCI is one of the best performing Semis. Its gone completely parabolic on its earnings. after gapping up 30% on its pre guide, its now up another 10% in the afterhours. The semis seem to have an unlimited amount of capital flowing into them. Look for an intra day short opportunity (day trade) on SMCI
NASDAQ:TSLA
by Trading-Capital
$SMH Cup & Handle PatternWait for a pull back to the blue trend line before buying. A close below and the pattern fails. Best moves come from failed moves. Cup & Handle Pattern The NASDAQ:SMH (Semiconductor ETF) is exhibiting a Cup & Handle pattern in technical analysis. This bullish continuation pattern involves a rounded bottom (cup) followed by a consolidation period (handle). Investors often anticipate an upward breakout after the handle formation, suggesting potential positive price movement in semiconductor stocks.
NASDAQ:SMH
by AlgoTradeAlert
SMH ELLIOT WAVE STRUCTURE WAVE 5 of 3 ended165.5The chart posted can now be posted and the ew labeling we have now ended or will end wave 5 of 5 of wave 3 top and begin a sharp drop in thr sox and smh back down for a week or more in wave 4 of 5 of 5 then The last wave up will end the rally from oct 13 th 2022 in super cycle degree and we will then see a drop back to .382 to 50 % from 2009 once more in wave A of the super cycle bear POINT for reference see 1998 to 2000 Internet BUBBLE A.I Bubble
NASDAQ:SMH
by wavetimer
$MCHP Ready to Break Downtrend?NASDAQ:MCHP is heavy into automotive chips along with many other industries as well. When looking at the chart I see that we have a longer-term double bottom formation that put into play an Undercut and Rally on Nov 2nd, which was the earnings date. That is technically still in play. It looks like it will break out of the downtrend line today where I have an alert. I like the accumulation volume before and after earnings. NASDAQ:MCHP has regained the faster moving averages but is still below the 50 DMA in red and the 40-week MA in white. The MACD turned up just 3 days ago. Lastly, NASDAQ:MCHP has either been reiterated or upgraded to either “Buy” or “Outperform” by at least 4 different analysts in the last few days. The average price target is $101. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:MCHPLong
by jaxdog
$ON: The EV downside is already priced in.$ON:1D With the earnings forecast providing downside price pressure on the longterm trend, NASDAQ:ON hits the lowest level on its1D RSI in over two years. Needless to say, our trend has been weakened from a Pearson’s R^2 of 0.91 down to a Pearson’s R^2 of 0.88 while losing a little more than 3% of the longterm trend strength in the process. While there are significant headwinds facing the EV market at current, from supply constraint’s on graphite to scaling EV’s across our shaky electrical grid system, it seems as though NASDAQ:ON has those concerns ‘overly priced in’ and could be poised for a rebound along with the broader semi-conductor market. I would expect NASDAQ:ON to make an attempt at coming ‘back in line’ with its long term trend and to make a move up to the lower 3rd standard deviation line at 76.49 and possibly higher before year’s end. Not financial advice. All stocks can go to zero.
NASDAQ:ONLong
by Firewalker_Charts
$SMH Cup & Handle Pattern ### Technical Analysis Overview: VanEck Vectors Semiconductor ETF ( NASDAQ:SMH ) – Cup & Handle Formation on Weekly Chart The VanEck Vectors Semiconductor ETF ( NASDAQ:SMH ), which tracks the performance of the semiconductor sector, is currently exhibiting a classic Cup & Handle pattern on its weekly chart. This pattern is a significant indicator in technical analysis, often suggesting a potential bullish continuation. #### Understanding the Cup & Handle Pattern The Cup & Handle is a bullish chart pattern that typically forms during an uptrend and is indicative of a period of consolidation followed by a potential breakout. It consists of two main parts: 1. **The Cup**: This part of the pattern represents a period of consolidation, starting with a gradual decline in price, followed by a bottoming out and a recovery back to the starting level. The cup should have a rounded or "U" shape, indicating a stabilization of price after a downturn. 2. **The Handle**: After the formation of the cup, a slight downward drift in price forms the handle. This is usually a smaller retracement and does not fall deep into the cup. The handle can be seen as a bullish flag or pennant and represents a final consolidation or a shakeout of less committed traders before a potential upward breakout. #### Implications for NASDAQ:SMH For NASDAQ:SMH , the emergence of the Cup & Handle pattern is an encouraging sign for bullish investors. It suggests that after enduring a period of correction and consolidation, the ETF might be preparing for a continuation of its previous upward trend. #### Key Aspects to Monitor - **Breakout Point**: The critical level to watch is the resistance line formed at the top of the cup. A strong move above this level, preferably with increasing trading volume, could signal the continuation of the bullish trend. - **Handle Formation**: The depth and duration of the handle are crucial. It should be relatively shallow compared to the cup and show signs of stabilizing or minor retracement. - **Volume Analysis**: An authentic breakout is typically accompanied by a surge in trading volume, providing additional confirmation of the pattern’s validity. #### Trading Considerations Investors considering positions in NASDAQ:SMH should closely observe the completion of the handle and the subsequent price action. A breakout above the rim of the cup could present a potential entry point for a long position, while a decline below the handle might necessitate a reassessment of the bullish outlook. It is important to remember that while the Cup & Handle pattern is a powerful tool in technical analysis, it should be considered in conjunction with other indicators and market fundamentals to make well-rounded investment decisions.
NASDAQ:SMH
by AlgoTradeAlert