The etf that tracks the semiconductor space, SMH, is looking like it will make its second consecutive close below its 50 day moving average (short-term momentum indicator, the purple line below) for the first time …
Continue readingSearch Results for: smh
On October 6th we to a look at the technical set up for the semiconductor group via the etf SMH. We identified some of the fundamental reasons for the massive out-performance in the space that had has resulted …
Continue reading
In mid July, semiconductors as a group had a major technical breakout, with the SMH (the etf that tracks 25 semi stocks, Intel and Taiwan Semi making up about 30% of the weight) blowing through …
Continue reading
As we mentioned in the update to the FXI calendar, our intentions on calendar trades is often simply to buy time. Ideally we see the stock we’re targeting drift around, and maybe slowly approach our …
Continue reading
Event: Intel (INTC) reports Q1 earnings tonight after the close. The options market is implying about a 4% one day post earnings move tomorrow, which is inline with the 4 qtr avg one day move, and …
Continue reading
Semiconductor contract manufacturer Taiwan Semi (TSM) released Q1 results that were below expectations and guided down the current quarter and, per Bloomberg; “cut their cut its own 2016 smartphone demand growth forecast to 7 percent …
Continue reading
Publicly trade tech companies (specifically those in the beleaguered PC supply chain) are in the midst merger frenzy. There were two deals announced this morning for a combined $30 billion. In the semi-equipment space, Lam …
Continue reading
Here is some generally directional, untied options activity that caught my eye during Thursday’s trading: 1. CHK – On Wednesday we saw crazy short dated call buying in UAL (here), and yesterday we see a considerably larger, much longer …
Continue reading
Here is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. SMH – the Philadelphia Semiconductor Index (SOX) absolutely got smoked yesterday, closing down 4.6%, blasting through the breakout level …
Continue reading
Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. SPY – the S&P 500 closed at a new all time high today, and despite total options volume running …
Continue reading