Stewie, what are your thoughts on the semiconductor holders SMH.The chip sector is down as much as the homebuilders and financials over the past year. Everyone seems to trying to pick a bottom in those sectors and no one and I mean no one has even mentioned the semi's. I believe they bottomed this past Jan. and SMH has been tracing out an ascending triangle pattern.
darwin. i agree the semis have been ignored. but i do not see any compelling pattern, unless the SMH break $30 with conviction. NVDA looks good however.
3 comments:
add the 200 ma to the VIX. looks like a fill of the gap below (21-22) is possible. love your blog & thanks for sharing your set ups:))
Stewie, what are your thoughts on the semiconductor holders SMH.The chip sector is down as much as the homebuilders and financials over the past year. Everyone seems to trying to pick a bottom in those sectors and no one and I mean no one has even mentioned the semi's. I believe they bottomed this past Jan. and SMH has been tracing out an ascending triangle pattern.
darwin. i agree the semis have been ignored. but i do not see any compelling pattern, unless the SMH break $30 with conviction. NVDA looks good however.
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