SMH Sits At Crucial Juncture – INTC Results With Nearly 11% Weight Can Decide Fate

posted in: Equities, Technicals | 0

Intel (INTC) reports later today.  This is coming at a crucial time as far as where SMH (VanEck Vectors Semiconductor ETF) is situated. Texas Instruments’ (TXN) results were received favorably Wednesday, with the stock up 4.8 percent.  It accounts for … 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