• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Investing With Options

Become a Better Options Trader

SMH Weak and Underperforming, Where Will it Go From Here?

October 9, 2009 By Steven Place

[Edit: Of course the moment I post this SMH rips, showcasing the need for objectivity with respect to price! Analysis package will still be out Sunday]

While the rest of the market has taken back the losses seen last week (very quickly I might add), we're still not seeing the strength we need to in the semis. I use SMH, but SOX is showing the same thing: lack of strength after the pullback, quite weak relative to overall equities. Here's the chart:


We had the large gap and run from Intel earnings and the sector really has led the market, especially the nasdaq, higher. With its nonconfirmations, we really need to see this pick up if we want to see continued strength in the nasdaq.

The individual components in the semiconductor space are showing mixed signals. Some names are clearly broken and starting new daily downtrends while others are mixed and have the potential to breakout. Analyzing the underlying the components and where they are headed can be key when forecasting a large sector.

Over the weekend I'll be doing an in depth technical and structural analysis of the semiconductor market. I'll be releasing it in pdf form and expect it to be the basis for my strategy in the space going into the next quarter. This will be given out to my subscribers along with the weekly report, but if you're interested in the report as well as how I frame my theses in the markets, you can request a copy. I'm going to limit it to the first 250 so I don't saturate the market with my analysis.

To receive the free report, just enter your email in the form at the top, and I'll send it out this Sunday afternoon.

Free Iron Condor Toolkit

Want to learn how to beat the market without needing to time the market?

Do you desire a way to earn aggressive returns without staring at screens for six hours a day?

Get this free iron condor toolkit that will show you how this trade works in the real world.

Download the Toolkit Here

Primary Sidebar

Resources


Option Trading Basics
Income Trading

Recent Posts

  • How I Profited From A One-Day Pullback In Tech Stocks
  • 3 Option Trades for CCIV
  • Time to Call a Top in Solar
  • Winning In Both Directions
  • Big Water, Small Hose

Get The Options Trading Training You Need.

See All IWO Trading Courses!

© 2023InvestingWithOptions | Disclaimer | Financial Disclaimer | Terms and Conditions | Privacy Policy