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VanEck Semiconductor ETF

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SMH trade ideas

SMH breaks through key resistanceSMH breaks through key resistance giving a hint that downward trend could be coming to a close for the near term. RSI continues to rise during recent rally which is a bullish sign Flash crash we experienced on Fri-Mon tends to cause rallies which we have experienced thus far potential breakout we are currently seeing could just be false breakout before retreating back into downward trend. We should wait for pullback to resistance line and bounce upward to help confirm if this breakout will continue Any trades made now should be done cautiously and in small amounts, the market could go in either direction. Trades made now, should not be added onto until we have more confidence of the overall direction.
NASDAQ:SMH
by ratchet-mint
SMH tests major resistance lineSMH approaches major resistance line after flash crash a few days ago SMH rallies to major resistance line 20 RSI remains below 50 which is a bearish sign that the recent rally is running out shorter timeframes show a dramatic drop in volume during the rally which is another bearish indicator August and September are historically bad months for the stock market I am expecting SMH to test the resistance line, possibly breakthrough then pull back before continues selling. Not putting on any trades, waiting for confirmation.
NASDAQ:SMHShort
by ratchet-mint
5
$SMH EFT Looking Good For BuysThe semiconductor NASDAQ:SMH headed towards the previous bullish structure zone and is currently printing a bullish engulfing candle above the $239 price level (support level). Going to be deployment some more capital at this level, which is above 14% below it's previous high. I believe semiconductor companies are going to be a very important part for the global space moving forward. Doesn't matter if your talking about AI, Machine Learning, Crypto, Tesla, whatever. Semiconductors are going to be necessary and needed in every aspect.
NASDAQ:SMHLong
by primetimesosa
Analysis of SMH Chart (Daily Timeframe)SMH Daily Chart Analysis The VanEck Semiconductor ETF ( NASDAQ:SMH ) is showing interesting technical patterns! We're seeing the completion of Elliott Wave (3) with a potential corrective Wave (4) forming. This suggests we might see some consolidation or minor pullback before the next bullish wave. The RSI is trending in a downward channel, reflecting decreasing momentum. Currently sitting at 43.91, it indicates a neutral to slightly bearish sentiment. It's essential to watch how the RSI behaves—whether it breaks below the channel or bounces back. Support is around $240, while resistance lies near the $280 mark. Stay tuned and trade wisely! #Trading #Investing #TechnicalAnalysis #ElliottWave #RSI #SMH #Semiconductors ------------------------------------------------- Overview The chart of VanEck Semiconductor ETF (SMH) shows a clear Elliott Wave pattern, with Wave (3) nearing completion and Wave (4) beginning to form. This is confirmed by the RSI, which is exhibiting a downward channel trend, indicating weakening momentum. Key Points: Elliott Wave Analysis: Wave (3) appears to be completing its cycle, marked by a peak in price. Wave (4) is forming, typically a corrective phase that may lead to further price consolidation or a minor pullback before the next upward movement. RSI Trend: The RSI is currently in a downward channel, trending lower from overbought levels. This suggests decreasing buying momentum and potential further downside or consolidation in the near term. The RSI level is around 44.69, indicating a neutral to slightly bearish sentiment. It’s crucial to watch if it breaks below the lower channel trendline or bounces back within the channel. Support and Resistance: Immediate support is around the $240 region, coinciding with previous resistance turned support and the lower trendline of Wave (4). Resistance is near the previous high around $280, marking the peak of Wave (3).
NASDAQ:SMHLong
by aldofg
Analysis of SMH Monthly Chart (Buying 3 more @ 257.52)Decided to buy 3 more shares of SMH today, taking advantage of the 9% pullback from its previous all-time highs. Here’s why: The chart shows a well-defined Elliott Wave pattern, currently in Wave (4) with Wave (5) expected next. This suggests further gains are on the horizon. The RSI is at 76.25, approaching overbought territory but not quite there yet. Historically, SMH has sustained high RSI levels, indicating that there’s still room for growth. SMH is a long-term play. The semiconductor sector is vital for tech innovation and growth. With continuous advancements in AI, IoT, and more, this ETF is positioned to benefit significantly in the coming years. This pullback presents a great buying opportunity for long-term investors looking to capitalize on the potential growth in the semiconductor industry. ------------------------------------------------------ Analysis of SMH Monthly Chart The chart depicts the monthly performance of the VanEck Semiconductor ETF (SMH), showing some promising signs for long-term investment, especially considering the recent pullback. Elliott Wave Analysis: The chart illustrates a clear Elliott Wave pattern, with waves (1), (2), (3) already completed, and (4) in the making. The current position appears to be in Wave (4), suggesting that Wave (5) could be on the horizon, indicating potential for future upward movement. RSI (Relative Strength Index): The RSI is currently at 76.25, which indicates that SMH is approaching overbought territory. However, it's not yet at extreme levels, suggesting there is still room for upward movement before a significant correction. Historically, the RSI has shown that even when the ETF reaches higher levels, it can sustain those levels for extended periods. Recent Price Movement: SMH is currently down 9% from its previous all-time highs, making it an attractive entry point for long-term investors. This pullback provides a buying opportunity, especially given the historical performance and future potential as indicated by the Elliott Wave analysis. Long-Term Relevance: The VanEck Semiconductor ETF (SMH) is a critical investment for those looking to gain exposure to the semiconductor industry, which is foundational to technology and innovation. The semiconductor sector has shown consistent growth over the years and is expected to continue its upward trajectory, driven by advancements in AI, IoT, and other tech developments.
NASDAQ:SMHLong
by aldofg
You Must Watch Semiconductors vs. Nasdaq-100The chart below shows a simple equation: NASDAQ:SMH / NASDAQ:QQQ to gauge the relative performance of the Semiconductors (SMH) vs. the Nasdaq-100 index (QQQ). The SMH ETF includes companies like NVIDIA and other leading chip manufacturers, which are critical to powering AI advancements. On the other hand, the QQQ ETF comprises 100 major tech-related companies, including giants like Apple and Amazon, along with some semiconductor companies. Although there is some overlap between the two ETFs, this comparison serves as a general gauge of the semiconductors' performance relative to the broader tech sector represented by the Nasdaq-100. Observations on the importance of this comparison: Sector Strength Insight: By analyzing the performance of semiconductors relative to the Nasdaq-100, investors can gauge the strength and potential of the semiconductor sector within the tech industry. Investment Decisions: Understanding these dynamics can inform investment strategies, helping to identify whether to allocate more resources to semiconductor stocks or maintain a broader tech investment. Market Sentiment: The performance ratio can also reflect market sentiment towards different tech subsectors, providing insights into which areas might be overvalued or undervalued. Risk Management: Recognizing extreme levels in the performance ratio can help in risk management, indicating when semiconductor stocks might be overheating relative to the broader tech sector. By keeping an eye on this ratio, investors can better navigate the tech landscape, making more informed decisions about where to focus their investments.
NASDAQ:SMH
by scheplick
$SMH ETF Algorithm Momentum Indicator Started Accumulating on May 6, with our buy alert from our proprietary algorithm momentum indicator. ### Algorithm Momentum Indicator The Algorithm Momentum Indicator (AMI) is a sophisticated trading tool designed to identify the strength and direction of market trends. By leveraging advanced computational algorithms, the AMI analyzes price movements, trading volume, and historical data to provide traders with precise signals for potential buy or sell opportunities. #### Key Features: 1. **Trend Detection**: - AMI uses mathematical models to detect the initiation and continuation of market trends. - It helps traders identify whether an asset is in an upward (bullish) or downward (bearish) trend. 2. **Signal Generation**: - The indicator generates clear signals based on momentum shifts, alerting traders when to enter or exit a position. - Signals are typically represented by graphical elements such as arrows or color changes on the trading chart. 3. **Customizable Parameters**: - Traders can adjust the sensitivity of the indicator by modifying its parameters to suit different trading strategies and timeframes. - Customizable settings allow for fine-tuning to match individual risk tolerance and market conditions. 4. **Integration with Trading Platforms**: - AMI can be integrated with popular trading platforms like MetaTrader, TradingView, and NinjaTrader. - This ensures seamless usage and real-time analysis during trading sessions. 5. **Backtesting Capabilities**: - Traders can use historical data to backtest the AMI, evaluating its performance over various market conditions. - This feature helps in optimizing the indicator for better accuracy and reliability. 6. **Visual Representation**: - The AMI often includes visual aids such as histograms, lines, or oscillators to represent momentum. - These visual tools make it easier for traders to quickly interpret the indicator’s output. Benefits: - **Enhanced Decision Making**: Provides actionable insights that help traders make informed decisions. - **Risk Management**: By identifying potential trend reversals, the AMI aids in managing and mitigating risks. - **Versatility**: Suitable for various markets including stocks, forex, commodities, and cryptocurrencies. - **Time Efficiency**: Saves traders time by automating complex calculations and providing ready-to-use signals. Use Cases: - **Intraday Trading**: Ideal for short-term traders looking to capitalize on quick market movements. - **Swing Trading**: Helps swing traders identify medium-term trends to maximize gains. - **Long-term Investing**: Assists long-term investors in confirming trend directions for strategic positioning. The Algorithm Momentum Indicator is a powerful tool that combines advanced algorithmic techniques with practical trading insights, making it an essential component of any trader's toolkit.
NASDAQ:SMHLong
by AlgoTradeAlert
Opening (IRA): SMH 2 x July 19th 210/215 Short Put Vertical... for a 1.00 in credit. Comments: Part two of delta adjustment trade ... . Instead of rolling up the 205/215 short put vertical, I closed it out (See Post Below), and then re-erected a 2 x 5 to delta balance against my call side, whose short leg is at the -32 delta strike. This doesn't increase buying power effect, since the 2 x 5 is equivalent to the 1 x 10 on the call side. The end result is a 2 x 210/2 x 215/255/265 iron condor, -5.79/3.42 delta/theta on which I've netted 3.36 in credits.
NASDAQ:SMH
by NaughtyPines