A Semi Opportunity

  • Posted by
  • on September 26th, 2012

From a numbers perspective the SMH (Semiconductors Holders Trust) might be due for a bounce, currently:

  1. Only 6% of the stocks within the ETF are above their 10 day moving average, making the ETF short term oversold.
  2. Only 25% of the stocks within the ETF are above their 50 day moving average, making the ETF somewhat oversold in the intermediate term.
  3. The ETF is down 6 out of the last 7 days.  Technically its down 7 days in a row, the difference in the one up day was 3 cents.

If new money comes in at the beginning of the quarter due to the market last quarter’s performance this ETF could get a boost.

Window Dressing, Beginning Of The Quarter Opportunity:


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