Range-bound SMH seems ripe for neutral option strategy

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

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

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

Bids show up on SMH on support, asks likely will show up on resistance

posted in: Economy, Equities, Technicals | 0

Semi rout after months of decline in orders for business capX proxy From INTC to TSM to SNDK, semi heavyweights pointing out biz slowdown SMH shorts stand no chance until longs are bothered by worsening earnings scene It is not … Continued