Many of the leading semiconductor stocks continue to struggle to catch a bid higher. The important and highly followed Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) is trading lower by 0.12 cents to $44.45 a share. Short term traders should watch for intra-day support around the $32.20 and $32.90 levels. The daily chart price for the SMH is now trading well below the important 50 moving average. This chart position puts this important ETF in a vulnerable position on the…
ContinueAdded by Bryan Leighton on April 24, 2012 at 10:58am — No Comments
This morning, the big three leading technology stocks are all trading lower. They are Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), and Google Inc (NASDAQ:GOOG). These three stocks will usually dominate the action in the NASDAQ Composite and the NASDAQ 100 Index, however, today it is the semiconductor stocks that are keeping the tech heavy index in the green. The Market Vectors Semiconductor ETF (NYSEARCA:SMH) is trading higher by 0.30 cents to $34.79 a share. Short term…
ContinueAdded by Bryan Leighton on February 16, 2012 at 11:19am — No Comments
This morning, the Market Vectors Semiconductor ETF (NYSEARCA:SMH) is trading higher by 0.21 cents to $31.80 a share. The semiconductor sectors continue to struggle around the daily chart 200 moving average. This tells us that this important sector is showing weak relative strength when compared to the major stock market indexes. Major stock indexes such as the Dow Jones Industrial Average (DJIA), S&P 500 Index, and the NASDAQ Composite are all trading nicely above the important…
ContinueAdded by Bryan Leighton on January 17, 2012 at 10:00am — No Comments
These days the technology sector is predominantly dominated by Apple Inc (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), and Amazon.com Inc (NYSE:AMZN). When an investor wants to know if the tech stocks are trading higher they will usually just look at one of these market leaders; however, it is the semiconductor sector that is still the technology barometer. Traders can simply follow the Market Vectors Semiconductor ETF (NYSEARCA:SMH) for a good indication of the sector. When this sector…
ContinueAdded by Bryan Leighton on January 6, 2012 at 10:59am — No Comments
The semiconductor sector is a very important group of stocks that traders should follow closely. Often the semiconductor stocks will lead most technology stocks higher and lower. Since December 19, 2011 the Semiconductor Holders ETF (NYSEARCA:SMH) has rallied higher by $2.47 a share. This morning, the SMH is trading higher by 0.72 cents to $31.15 a share. Traders must watch for very important daily chart resistance around the $32.00 area. Since October and November 2011 this has been…
ContinueAdded by Bryan Leighton on January 3, 2012 at 11:02am — No Comments
For the average person who invests or trades, saying the news is garbage is a sin. However, it is proven over and over again to be the case. The news is nothing more than a way to take money from the bottom 99% and distribute it to the top 1%. Those at the top control the news and release it to cause certain reactions. Those reactions are carefully calculated to achieve certain goals. Those controlling these avenues and directing the markets are the Federal Reserve banks around the world and…
ContinueAdded by Bryan Leighton on November 30, 2011 at 12:10pm — No Comments
The Semiconductors Holders Trust (NYSEARCA:SMH) are trading lower by 0.25 cents to $29.51 a share. This ETF is viewed by many as a leading indicator for the tech heavy NASDAQ Composite. When the semiconductor sector shows strength most of the leading technology stocks will generally remain strong. The SMH is trading around a short term support level on the daily chart around the $29.00 area. The SMH will have short term intra-day chart support around the $29.30 and $29.00…
ContinueAdded by Bryan Leighton on November 22, 2011 at 10:59am — No Comments
This morning, the Semiconductor Holders Trust (NYSE:SMH) is coming under some selling pressure as the SMH is trading lower by 0.54 cents to $31.39 a share. When the semiconductor stocks decline it is usually a sign that most technology stocks will be weak. Often the semiconductor sector will lead the NASDAQ Composite on the daily and intra-day charts. Many traders and investors believe that the NASDAQ cannot trade higher without a strong semiconductor sector. Short term traders can…
ContinueAdded by Bryan Leighton on November 17, 2011 at 10:26am — No Comments
The semiconductor sector has been very strong along with the major stock indexes since October 4, 2011. At that time, the major stock indexes staged a massive reversal day into the closing bell, kicking off this massive nine day rally. The Semiconductor Holders Trust (NYSE:SMH) has surged higher by more than $4.50 from its October low pivot of $25.92 a share. This morning, the SMH is trading higher by 0.22 cents to $30.54 a share. Traders should watch for intra-day resistance around…
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