Are Semiconductors About To Take-Off?

Are Semiconductors About To Take-Off?

Last week I wrote about the nice short setup in semiconductors, with a clearly defined risk stop at an important level.  Let's look at the chart of the SMH (Semiconductor Holders Trust) ETF:  When SMH found resistance at the 50 day moving average (yellow...
Semiconductors (SMH) May Trade Lower

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...