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

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

M/M order drop in biz capX proxy latest to show September deceleration

posted in: Economy | 0

Six years into recovery, U.S. corporate capX potential yet to turn into reality September saw several macro/company data points in deceleration Latest being m/m order shrinkage in business capX proxy Five-plus years and counting.  Still a no-show.  The chart below … Continued

Slower-than-expected September in tech — blip or trend in making?

posted in: Economy, Equities | 0

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