SMH

Buy1Sell2 · Feb 2, 2023

Here is the position of the weekly DMI on SMH right now

Buy1Sell2 · Feb 3, 2023

We traded above the May 2022 high on the Semiconductor index yesterday. If we can clear that and get a floor there, then the next high would be the March 2022 high and there is nothing but air between here and there---8 to 900 points. --Staying long.

Sigue! · Feb 3, 2023

FWIW, I'd say you're right.

destriero · Feb 3, 2023

Buy1Sell2 said:
I saw some chart action today on the daily that I liked. I got long near the closing----216.34.

Proof? Let’s see that the position exists other than in your mind.

murray t turtle · Feb 3, 2023

Buy1Sell2 said:
Good up today (4.72 %) and this one is a keeper for now. Monthly chart with the January bar just completed suggests breakout of IHS. ---Up 14.76% from entry at close today.

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SMH is an 88% buy FRI on barchart, but i do my own research;
good up YTD...................................................

Buy1Sell2 · Feb 5, 2023

murray t turtle said:
%%
SMH is an 88% buy FRI on barchart, but i do my own research;
good up YTD...................................................

I've never looked at barchart. Does it carry a positive reputation?

Buy1Sell2 · Feb 6, 2023

Sure does look like breakout of IHS on weekly chart--

murray t turtle · Feb 6, 2023

Buy1Sell2 said:
I've never looked at barchart. Does it carry a positive reputation?

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DONT know/ but i like its objective buy + sell technical indicators; even though i like to look @ that after i have done my research.
Like they note SMH is a88% buy + buy off 200dma

murray t turtle · Feb 6, 2023

Buy1Sell2 said:
We traded above the May 2022 high on the Semiconductor index yesterday. If we can clear that and get a floor there, then the next high would be the March 2022 high and there is nothing but air between here and there---8 to 900 points. --Staying long.

%%
Good uptrend\ good YTD/but i'm doing scale out a bit on SOXL= worst % down today of my ETFs;
and also they're buying SMH around 50dma , but i dont want that kind of drawdown.
Good weighting of NVDA in SMH+ soxl..................................... :caution:

Buy1Sell2 · Feb 9, 2023

One of the few ETFS that are up today is SMH. Staying long.