A Short Semi Window on SMHBreakdown is anything south of 273.89
Question is what saves it - historically 14SMA on weekly has captured it but this has broken down in May 2021. Instead the 30SMA on weekly have been the saver so that would be the clincher.
If I was a shorting man - 273.89 is the trigger- then down to 14SMA at 279.57, then 269.72 as next resistance and then finally 30SMA at 266.06. I can see a breakdown but not a major one given the strategic value of Semi at the moment, which is unchanged
SMH trade ideas
SMHSMH. Potential for a wave 5 continuation. Possible reversal points marked using two methods. 1st - Extended 3rd wave tells me that wave 5 may have a similar run to wave 1. 2nd- Distance travelled through waves 1-3 multiplied by .618. That's the proper way to use the fib on an impulse wave. You don't just measure out directional pulls and expect it to bounce somewhere. That's gambling. It may be a close 50/50, but those odds aren't good enough for me.
SMH Doji Star. Chip Sector pullbackChip sector led to a massive rally in the NDX...
The biggest holdings in this sector are
1.NVDA
2.ASML
3.AMD.
4.TSM
5.Qcom
6.INTC
With the exception of INTC all these stocks are overbought on every indicator.
A pullback is to be expected from this sector but I would like to see if this channel breakout is the real or Faux
SMH - The TECH MaestrosYou have to laugh, as Retail was piling into the NQ/MNQ @ 71, 75, 82, 88, 90, 92, 95 on the SELL.
The BOTS simply waited for the 3:59 arrival to run all those stops at 410 - 420.
Usually, they wait until 1 second after 4 and run it vertical @ until 4:02 PM EST.
By 4:05 PM EST - a new high off the Ledge @ 15428.50.
Ya see, all the Baby Seals were thinking - "Bruh, uh... last time we were at 399 we fell 100 Points,
it's probably a good idea to Sell this now... fer sure" - the Problem is, the AIQC knows this... and
you see the results.
It knows how to read forums in nanoseconds and observe your behaviors, it sees the ENTIRE ORDER BOOK.
As odd lots of Micros for MNQ went flying by... it was painful to watch as the clubbing
was being set in motion, sad really. It's cheating, but then this entire game is one big cheat.
They win, you lose... Someone has to lose... not everyone gets a Trophy.
You sell when it is, not until... keep it simple.
The sure thing bruh, yeah, naw, it's stacked against you.
Why wait when there's fresh blood in the water, the Mako's did not hesitate, chewed to chum
bits during a 1 Minute Bar.
Baby Seals clubbed again in Semi CONductors of which there is very little Conducting going on
or ongoing for that matter.
Fires, Water Shortages, Green Agenda... Yada Yada, pick any excuse.
There is a shortage of Chips, Globally. Although one would never, apparently never, have a DIRECT
Effect upon Price of Said Chippers.
NQ to 15517 will only add Insult to Injury.
Winsome, lose some - Literally.
Chips N' NO Dip:
AMAT + .99%
MU +.54%
AVGO + 1.445%
TXN + 1.7%
INTC + 1.54%
QCOM + 1.83%
ASML + 1.62%
NVDA + .40%
TSM + 1.40%
Semi's rocked the Bang Bus after being rocked for weeks on end.
AS the VXN dipped into new lows for the Day, it did not matter a Whit... NQ Made new highs
after it reversed and closed 28 ticks off the lows... AIQC... it's a Hunter Killer.
Sweet Ginger Brown... it's a mess out there, they are entirely desperate to get this up and lickety-split
as indicated.
What's the Rush?
We're going to find out soon enough, and it will not be Good.
Here's that word again............
P A T I E N C E
- HK
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.
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.