Apr 18

Semiconductors Rallying

The Semiconductor HLDRs (AMEX: SMH) ETF is on the verge of hurdling a 6-month resistance plateau, which if sustained should trigger upside follow-through to my next optimal target zone of 36.60/90.
Chart

Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!