From Charlie Bilello:  The Semiconductor Index closed below its 200-day moving average last week for the first time since May 2016, ending the longest streak in its history at 458 trading days.


Five of the last six sessions the SMH has closed below its 200 day moving average.  The last time it spent this much time under the 200D was back in May of 2016, when it was trading near $52.00. 


Hat tip Charlie Bilello