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 invalidated
Key stats
About VANECK ETF TR SEMICONDUCTOR ETF
Expense ratio
0.35%
Home page
Inception date
May 5, 2000
ISIN
US92189F6768
SMH is a highly concentrated fund that invests in common stocks and depositary receipts of US-listed semiconductor companies, similar to our benchmark. Midcap companies and foreign companies listed in the US can also be included. To be initially eligible, 50% of company revenues must be primarily in the production of semiconductors and semiconductor equipment. The top 50 eligible companies by market cap are then given two separate ranks based on free-float market capitalization in descending order and three-month average-daily-trading volume in descending order. Those two ranks are summed and the highest ranked 25 companies are selected. A capping scheme is applied to ensure diversification and more weight is given to the larger companies.
Classification
What's in the fund
Exposure type
Electronic Technology
Stock breakdown by region
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 thi
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