Semiconductors Are Messing With A Bearish Pattern

After announcing earnings last night, Intel is up almost 7% as of this writing today.  As such it has sparked a rally in the semiconductors that led the SMH ETF to break above its 50 day movnia average and above the key 61.8% Fibonacci retracement level.  Individual names like CY and AMAT still have their […]

Semiconductors Slipping Lower Again?

I talked about it much lately and it's a big topic in the steadytrader.com chat-room and newsletters.  Today AMAT and CY are slipping yet INTC is holding up well.  Be that as it may, the SMH is down 0.90%, which isn't much, but so far the 61.8% retracement levbel near $35.10 has held as resistance. […]