Semis have come a long way. Through last Thursday, SMH, the Market Vectors Semiconductor ETF, rallied 21 percent since the August 24th low and nearly 11 percent since the September 29th low. The latest rally in particular came in a … Continued
The following are futures positions of non-commercials as of May 26, 2015. Change is week-over-week. 10-year note: If we just focus on what the consensus was expecting, U.S. economic data this week were split down the middle, with maybe a … Continued
SMH, the semiconductor ETF, has been range-bound since last September. Looking at a weekly chart (the one below is daily), the path of least resistance seems down in the medium-term. Bears had a great opportunity seven sessions ago to push … Continued
SMH’s latest rally attempt gets rejected at underside of broken Oct 2014 trendline Past 3 months, some semi outfits have seen estimates revised up, some down ETF has retraced 61.8% of Mar 00-Nov 08 decline; may mean pause/stop In the … Continued
As company with 80k customer base, Microchip’s Friday 3Q14 warning caught majority by surprise Commentary from other tech outfits suggest things slowed down in September Too soon to say it is trend in making, but deserves close watch Did things … Continued