SMH seems it could hit $300 before January 2025.Monthly breaking out, AMAT, ADI, AMD, and NVDA all have a lot going for them, AI is the buzz right now. Great for lots of expiry and a patient swing. Cheers NFA - I watch data.Longby sully3575
I don't have the huevos to short TSLA, I'm going long SMHYes you heard correctly. I capitalized HARD on TSLA back in 2021. Now I avoid it like the plague... but how low could it possibly go? I think shorts are exhausted and VIX going lower could be bullish for NVDA, TSLA, and others. SMH is the Semi Conductor ETF, I'm thinking 250 on that one eventually. Would imply NVDA could make a big move. We'll have to see Anyways, if you play calls, it's always good to have some nice expiry so you can relax NFA - Just my thoughtsLongby sully3574
SMHVaNECK Semiconductor ETF is in parallel channel since 2009 once it crosses 157 then expect good move in next 1-2 yr 115 need to be supported else it will be invalidatedLongby SunilDhawan3
SMH , LONG Back on this horse 🏇🏼. Wedge pop Higher low , stage two continuation so far . Break out above DTL . 6/10 Top weighted holdings in stage 2 uptrends . Market View - QQQ back to the top of its range , my account has gone from about 5% up on the year back to about break even levels . Seems like this market loves to let us get just a little ahead and then squish those profits lol . Keeping with it , if we can just get two successful impulses on with acceptable breadth it would theoretically be possible to build a profit cushion ...but it likes to give me one and then take it away and repeat , 2023 ~ 😉 Maybe tomorrow will be the day we get out of this range and to the upside per QQQ 🤞🏼.Longby NAK19870