Updated
SMH - To Go Short or Go Long? You Decide
I'd like everyone's input. Kind of like a forum if we could. Explain what your seeing from your perspectives and back it up with technical info, etc.
I'm currently short the
SMH with some 11/22 $129 puts, but I'm considering only holding half of them through 
NVDA earnings tonight. I personally don't think they'll outperform...especially since they've had an incredible run in the past month. This is why I'm leaning bearish on SMH and the market as a whole. GLTA.
What's your perspective?
I'm currently short the
SMH with some 11/22 $129 puts, but I'm considering only holding half of them through NVDA earnings tonight. I personally don't think they'll outperform...especially since they've had an incredible run in the past month. This is why I'm leaning bearish on SMH and the market as a whole. GLTA.What's your perspective?
Trade active
Bearish divergence on the SMH. That money flow divergence for the weekly chart is quite significant. I expect a sell-off unless NVDA somehow has a spectacular upside surprise. Next level is the 10day $126-$128Note
Trade active
SMH is trying it's best to stay in the recent triangle formed. Looks weak though. Trade active
SMH - New low of day.$132 is the line in the sand the bears need to push it below in order to create massive selling pressure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.