SMH (Semiconductor ETF) is in a Precarious Technical Position

In case you are not aware of it, the SMH (Semiconductor ETF) is in a very precarious technical position at the moment, as it tests its November 2016 up trendline AND its up-sloping 200 DMA. All eyes on the 99.30 to 97.92 support zone... Last is 99.30/31

4 20 18 SMH Day 2 PM GIF
4 20 18 SMH Day 2 PM GIF
  • 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!