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...

A Wild Week Comes To An End

This year has been a volatile one for stocks.  This comes as no surprise.  Last week was particularly wild.  The SMH(Semiconducter Index)reached new April lows.  Without a late bounce Friday the S&P 500 Index would have closed below its 200 day moving average for...