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VanEck Semiconductor ETF

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SMH trade ideas

Semiconductor ETF Has Failed to Break OutOne of the biggest stories in the last month has been the breakout in the Nasdaq-100 . But the Market Vectors Semiconductor ETF has failed to join the breakout. It’s not a surprise because chips are economically sensitive and struggle when manufacturing slows. That’s happened now. SMH’s lack of breakout shows weak relative strength and fundamentals. That could give bears more of a reason to expect downside if selling spreads in the broader market. It also creates a potential risk-management zone for traders taking bearish positions. Finally, the relative weakness in chips focuses attention on Nasdaq stocks that have actually broken out – like software and e-commerce . Traders may want to expect more strength in those groups. SMH might not be a short yet, and it might still break out if the S&P 500 holds 3,000. But if the opposite happens and volatility picks back up in July, this could be a corner of technology where the bears will be more active.
NASDAQ:SMH
by TradeStation
Vaneck Head and Shoulders Pattern What I see... + Prices broke through the H&S neckline last weed but pulled back to 10ma forming a hammer bofore bouncing back to a blue bar today, on good vol., to confirm the reversal pattern + MACD is bullish + RSI is at 57.7 + Bollinger is narrowing - Upper shadows - Closing price a bit far away from the 10ma - First Resistance at $151 What I setup... + Long entry above today's high - Stop at bottom of hammer + Target at late Feb. high :: Duration - 3 to 8 sessions ** Comments are Likes are appreciated; New Subscribers are head and shoulders above others! **
NASDAQ:SMHLong
by ShakeShakeLeg
Vaneck Vectors V-shape Velocity Victory!** Comments and Likes are appreciated; New Subscribers are Marvelous! ** What I see... + Bullish Engulfing candle ended with price closed above 10MA + Support shown by 200 MA + High vol + MACD is in positive zone but flat + RSI at 54 and rising + Bollinger Band is narrowing but not tightly squeezed - 50MA is still under 200MA - Lower high from o-2d - Resistance at $138 range What I setup... + Long entry above today's high - Stop at last week's low + Target 52w high :: Duration 2 to 8 sessions
NASDAQ:SMHLong
by ShakeShakeLeg