SMH to $264Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
Upside target $264
SMH trade ideas
$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.
$SMH Semi's #BullRun #Continues PT: 300 (STILL) $NVDA $AVGO $TSMAdded a nice channel here to the previous idea.
"W" #DoubleBottom on Support Trend Line = NOICE
Pt 1 here;
In that Idea, I state;
"Did you get greedy and then shook out for the remainder to #300"
#ThisIsAmerica
Happy 4th! (Holiday Updates!? Wut The)
-Prophecies_R_USA
Hi Tradingview!
Waiting on Wizard Status!
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
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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).
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.
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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.
SMH has reached 2.618 Fib RetracementSMH has reached the 2.618 Fib Retracement of the 2021 Bear market. Aligning similarly with SPX and NDX reaching 1.618 Fib Retracement at the same time. Profit taking should be expected here.
I want to accumulate more of SMH ETFLooking at the holdings , I will need less bullets to buy into these individual companies especially I had missed BIG TIME on Nvidia.
This war on semiconductor chips will make these companies that are manufacturing them very much valuable down the road. China is squeeze and is forced to build on its own, which will takes time but eventually , I expect China to come up with a more advanced product.
Accumulate on weakness.
SMH channel top or the beginning of a 1929 blowoff The chart posted is that of the SMH etf as you can see based on a parallel channel working off the two major lows .that we are now at the top If we were to break above this and by 5 % rule then I would say we are in a BLOWOFF
SMH analysis for week of July05 2024Bear flag consolidation , rejected from fibs 50 level ,
expectation - more downside or side ways on flag as volume seem to be down on the push up
$SMH #BULLFLAG #PERFECT2.0 #300PT END OF SUMMERThis Bullflag break out has plenty of meat left on the bone so to speak...
I mentioned "perfect" when looking at NVDA before earnings...
Well NASDAQ:SMH is perfect imo for a #WHITEBOYSUMMER Play...
Trend/Sector is bullish
Breakout has been Confirmed.
Stoch is STRONG, can remain that way for months...
- Prophecies R Us
For those trying to short SMH (semiconductors)..... DON'TThis is where I think we are in the very long term cycle for semiconductors since the 2008 bear market lows.
It's a bull market. And we're only about half way through......
May be due a 10%-15% correction over coming months but ultimately headed higher (a lot higher).
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.
$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.
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- It helps traders identify whether an asset is in an upward (bullish) or downward (bearish) trend.
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- Signals are typically represented by graphical elements such as arrows or color changes on the trading chart.
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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.
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.
Look. If NVDA 1600, SMH could be 300I just longed some more SMH here due to NVDA strength and Semi strength overall
My March 2024 prediction was that NVDA would hit 1000. now that I was right on that move, I believe I'll get my NVDA to 1600.
I'm not holding NVDA calls though, SMH is cheaper for me,
Bears can stay hesitant all 2024 if they want. We entered a 5 year bull cycle. Quote me in 2030
NFA - Good luck
Closing (IRA): SMH 205/215 Short Put Vertical... for a .87 debit.
Comments: First part of an adjustment trade. Instead of rolling the short put vertical aspect of my 205/215/255/265 up to delta balance, I'm closing it out.
Then, I'll re-erect a 2 x 5 (the equivalent of a 10-wide) to delta balance against the call side, whose short leg is at the 32 delta.
SELL SMH (ETF) Long copperWhen this ratio hits 55 its the biggest signal the semiconductor equities are overbought and expensive vs copper.
So sell semiconductor etf (SMH) and get long copper futures for a ratio target of 25x
SMH PutNASDAQ:SMH - Buy Jun-21-24 $235 Put @ $7.35 Limit to Open
Similar to XLC, downward bias. Expectation that markets will see a correction for a few weeks.
$SMH Parallel Channel Uptrend Continues NASDAQ:SMH Parallel Uptrend Continues
The SMH ETF (VanEck Semiconductor ETF) is an exchange-traded fund designed to track the performance of the MVIS® US Listed Semiconductor 25 Index (MVSMHTR). This index is composed of the 25 largest U.S.-listed companies involved in semiconductor production and equipment.
**Key points about SMH ETF:**
* **Objective:** To replicate the price and yield performance of the MVIS® US Listed Semiconductor 25 Index as closely as possible, before fees and expenses.
* **Investment Focus:** Companies engaged in the design, manufacturing, and distribution of semiconductors.
* **Holdings:** Includes well-known semiconductor companies like Nvidia, Taiwan Semiconductor Manufacturing, Qualcomm, etc.
* **Market Exposure:** Provides investors with targeted exposure to the U.S. semiconductor industry.
* **Trading:** Trades on major stock exchanges like other ETFs.
**Why invest in SMH ETF?**
* **Diversification:** Offers a diversified portfolio of leading semiconductor companies.
* **Growth Potential:** The semiconductor industry is vital for technological advancement and has significant growth potential.
* **Convenience:** An easy way to gain exposure to the semiconductor sector without buying individual stocks.
* **Liquidity:** Typically high trading volumes ensure easy buying and selling of shares.
For further information, you can refer to the following resources:
* **VanEck SMH ETF Page:** (www.vaneck.com)
* **ETF Database:** (etfdb.com)
* **ETF.com:** (www.etf.com)
Remember, investing in ETFs involves risks, and past performance does not guarantee future results. Always conduct thorough research and consider your investment goals before making any decisions.
$SMH: Is 235 Ready?The semiconductor sector is seeing incredible strength today and it looks poised to continue. Tech and Nasdaq may still be preferred even if we see TVC:DXY rise off the lows. Best of luck traders!
Closed (IRA): SMH July 19th 189/199/275/285 Iron Condor... for a 1.17 debit.
Comments: Mixing and matching profitable put wing with profitable call wing from iron condors put on at different times (See Posts Below) to de-risk running into NVDA earnings on 5/22. (NVDA is around 21% of SMH holdings).
The resulting setup is a July 19th 205/215/255/265 on which I've collected a net 3.23 in credits; delta/theta -.28/3.45.
I'll look at doing a delta adjustment post-earnings if necessary.
INTC losing in a winning sectorSemiconductors have been strong performers and this period of the year has become increasingly strong for them from a seasonality perspective. AI is being described as one of the fastest adopted technologies of all time. So it's fascinating to see INTC continue to underperform all of its major cohorts in in the space.
