7 Apr 2015

Range-bound SMH seems ripe for neutral option strategy

by | posted in: Derivatives, Equities, Technicals | 0

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

3 Apr 2015

SMH still range-bound short-term, Fib possible roadblock medium- to long-term

by | posted in: Equities, Technicals | 0

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