Pre-Market Notes – Tuesday March 29th
Pre-Market Notes – March 29th With the SPX right at (but above) the 50 dma, yesterday was a bit of a lazy session. Investors need some rest here to digest the wild swings from the past two weeks. At the same time it is quarter end (3 trading sessions left) this week so I would think the swings […]
Semiconductors (SMH) May Trade Lower
After trading up in a nice and night upward channel from September 2010 until early March of this year, the semiconductors swiftly sold off by the tune of almost 10% in just eight trading sessions. From quick move down, the SMH has now retraced (moved up) a little over 50%, which also coincides with the […]
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. […]