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 Semiconductor ETF
Expense ratio
0.35%
Home page
Inception date
May 5, 2000
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 is at Buy levels IMOTechnical analysis shows volume bottoms where needed. Bullish
Here are some other reasons that I feel SMH can go up with NVDA:
-Chip Demand Surge: Global demand for semiconductors across AI, 5G, and automotive sectors is driving growth.
-Top Holdings Perform: Key stocks like NVDA and AMD provide
SMH is at Daily MA200. Can go to 300 before end of year stillA 3 year bull market will have its red days. The markets can't move straight in one direction all the time.
That being said, Japan destruction gave an opportunity for discounts. I bet the gov accounts loaded too,
NFA - 300 is price target
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.
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
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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Displays a symbol's price movements over previous years to identify recurring trends.