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Strategies & Market Trends : stocks for medium & long-term hold durations

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From: rimshot8/30/2021 11:25:17 AM
1 Recommendation

Recommended By
ajtj99

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SMH weekly -

stockcharts.com

* very near-term priority vigilance item is the lowest chart element shown - the SMH vs. SPY weekly closes ratio --

SMH bulls do not want to see the current ratio value continue to fail below the UBB
and decline from this week's high so far ... time will tell, though the current
weekly chart evidence developing this week only is not favorable for the SMH bulls
if the ratio continues to develop with a declining bias

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Gary Smith, March 2, 2010 -

" Select tech stocks in the semi sector and related tech sectors have soared over the past year
so the analyst is a bit behind the curve.
Still, for those who base their trading/investing upon a theme,
I can't think of a better theme over the next few years and opportunities still abound. "
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