Tag: SMH

Will The Gaps Fill?

I wrote last week about $SMH and how it’s been under performing lately and pointed out the gap that needed to be filled. This past week was a move higher in the ETF, but it’s also approaching some resistance from the 50 DMA and the backside of an uptrend. I decided to delve into the

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Telling Tech

The Nasdaq, Naz, tech, the Q’s, whatever you want to call it has been the leader off the March lows and has also been leading this move lower. It was the first of the major indices to gain a footing above it’s 50-day moving average and was above its 200 DMA a full month before

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Better odds in Vegas!

What a crapshoot this market has been lately. This type of uncertainty and wild swings is indicative of the record high volatility in the market right now. The average investor, if they’ve chosen to participate, has more than likely become a day trader. While this is a viable way to make a living, it is

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