SMH – Beyond the Chart

Semiconductor Stocks May be Hitting the Ceiling

In this stock market update video I focus on the semiconductor sector. I start off reviewing the Nasdaq Composite Index and one of its key indicators. I then look at both the Semiconductor ETF (SMH) and the Philadelphia Semiconductor Index (SOX).

Finally I check in on the top 6 semiconductor stocks of SMH. These are Taiwan Semiconductor (TSM), Intel (INTC), Nvidia (NVDA), Applied Materials (AMAT), Micron Technology (MU) and Texas Instruments (TXN). These 6 companies account for 42% of the holdings in SMH.

The SOX Index and 4 of the top 6 holdings in the SMH are bumping up against key resistance levels. With this happening after a very extended rally, the caution flags are out.

0 U.S. Dollar Index…Dive, Dive, Dive

The U.S. Dollar Index is in a strong downtrend although I wouldn’t be surprised to see support come in soon. Read this morning that more funds are short the dollar than at any time since 2013.

In today’s brief market update I look at the SPX, McClellan Oscillator, SMH, XHB, XLF and the U.S. Dollar Index. To get the complete market picture and daily updates become an Insider.

0 No Breakdown Yet, as Stock Market Continues Pushing Higher

The video below is very brief subset of what I provide my Insider Members.

In this video I review the DJIA daily and weekly charts, check in on the VIX and review the weekly charts of semiconductors, homebuilders and financials.
How does current price action compare to the 2007 top?

Irrational Exuberance…2017 Style

So Snapchat, now known as Snap, Inc. (SNAP) went public last week and it was a feeding frenzy. Shares priced at $17 started trading at $24 and closed that first day at $24.48 with 217 million shares traded. Friday they piled on an additional $2.61 closing at $27.09.

I believe at one point the total estimated value of Snap was well over $40 billion. Incredible for a company that lost $500 million last year. And they don’t have any competition…right? We’ll see.

But their timing is perfect. Coming public at a time when bullish readings on the stock market are at 30 year highs…at least the Investor’s Intelligence Advisors Survey last week was. With the stock market at all-time highs and consumer confidence at the highest since 2000 it’s “party on Wayne”! Continue reading

If You Think You’re Beat…Get Out

Poker or gambling in general has very interesting correlations to trading. In both you are dealing with uncertainty, the ability to handle your emotions and how well you manage your money.

And doing all of those things gets back to discipline and your ego. Let’s start off with knowing when to fold ’em as they say in poker or as they say in trading…cutting your losses. Some good basic rules of poker apply to trading.

Know When to Fold ’em

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