SMH trade ideas
SMH on watchLong in and above box. Short below box or wait for long pull back entry from lower targets.
Cup and Handle SMHETF that appears to be trading in a cup and handle pattern
Hypothetical break out is 152.7
Targets : 174 187 197
Stop is set below handle low or mid cup
Be safe!
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.
$SMH Semiconductors Etf Tired
The run in the SMH has been amazing from the March lows and is now back at the Feb highs,
Tuesday some heavyweights like NVDA AMD & MU started to show some signs that some consolidation is needed.
Momentum, Volume, ACD are beginning to head south.
It may be wise to take some profits in chip\semi stock until the breakout or retrace is complete.
Short SMH - Semiconductors - Just my opinion Huge options expiration tomorrow. Trade safe.
I'm receiving a sell alert from my Ann strategy.
Not trading advice, just my opinion.
Goodluck.
SMH
SMH short opportunity coming upNot an original idea, I borrowed it from here twitter.com
But the targets setup for a short are hugely favourable right now.
I wonder how crazy it can get, I don't believe it can hit the second circle but I do believe it will hit the wedge resistance again this week.
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 $151
What I setup...
+ Long entry above today's high
- Stop at bottom of hammer
+ Target at late Feb. high
:: Duration - 3 to 8 sessions
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$SMH on our way to move upgood time to enter with a support at the bottom of this trend line . I am bullish on this for now.
Lets get this money
$SPY $AMD $SMH $QQQ
$SMH On Verge Of Breakout
NVDA & AMD could very well be the catalyst to get the SMH to all time highs.
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
Update: $SOXS, $SOXX, $SMH. Short again. Head & Shoulder PatternUpdate: $SOXS, $SOXX, $SMH. Short again. Head & Shoulder Pattern.
Neckline support seems weak.
Update: $SOXS, $SOXX, $SMH. Gap Filled (Taking Profit)GAP Fullfilled. Not clear now the trend. Waiting for pullback to 133.3-132.3 (Red Zone)
Possible Head & Shoulders pattern.
Short Semiconductor. Pullback on #SMH $SOXS. Fallow the trend. Resistance and first target Green Zone (132.00-130.59). Also we have a GAP can be filled on 129. Now we fallowing the short term trend.
SMH Death Cross
The drop today was inevitable as AMD & NVDA have rallied so hard and far of the lows.
Today brings the death crossing of the 200 and 50 day moving average, which only intensifies the selling.
