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SMH - To Go Short or Go Long? You Decide

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Trend Analysis Technical Indicators Beyond Technical Analysis SMH QQQ NASDAQ 100 CFD SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) NVDA TXN AMAT
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I'd like everyone's input. Kind of like a forum if we could. Explain what your seeing from your perspectives and back it up with technical info, etc.

I'm currently short the SMH with some 11/22 $129 puts, but I'm considering only holding half of them through $NVDA earnings tonight. I personally don't think they'll outperform...especially since they've had an incredible run in the past month. This is why I'm leaning bearish on SMH and the market as a whole. GLTA.

What's your perspective?
Dagangan aktif:
Bearish divergence on the SMH. That money flow divergence for the weekly chart is quite significant. I expect a sell-off unless NVDA somehow has a spectacular upside surprise. Next level is the 10day $126-$128
Komen:
Dagangan aktif:
$SMH is trying it's best to stay in the recent triangle formed. Looks weak though.
snapshot
Dagangan aktif:
$SMH - New low of day.
$132 is the line in the sand the bears need to push it below in order to create massive selling pressure.
snapshot
Penafian

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