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SMH trade ideas

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 thoughts
NASDAQ:SMHLong
by sully357
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 🤞🏼.
NASDAQ:SMHLong
by NAK1987