Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

New Upleg for SMH?

The big picture of the Semiconductor HLDRs ETF (AMEX: SMH) shows today's action has the potential to represent a key upside reversal day, which I will view as the start of a new upleg that projects next into the 39.20/50 target zone, likely on the way to confront 40.00. Only a break of today's intraday low at 37.70 will wreck the developing scenario.
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!