There’s Only One

There’s Only One

Out of the following ten Equity Index ETF’s, $DIA is only one trading above its flat/declining 200 day moving average. $DIA, $SPY, $QQQ, $IJS, $IWM, $OIH, $XLE, $XLF, $SMH, $VTI The $XLP and the $XLU are trading above both their 50 and 200 day moving averages,...
Applied Materials Humming

Applied Materials Humming

Best gain of the year today for $AMAT.  The stock is up over 7.5% and trading near the highs of the day with an hour to go in the session.  Overall the semi sector has been moving well since the open.  The $SMH continues to expand this morning’s early pop and is...
Semis Come Roaring Back

Semis Come Roaring Back

The $SMH(VanEck Vectors Semiconductor Index ETF)is on fire this morning.  The index is up just shy 4% on heavy trade.  If it can finish the day with at least a 4% gain it would mark the 2nd best day of the year for the $SMH.(Tuesday the index gained 4.25%).  This is...
Semis Slumping

Semis Slumping

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...