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ALERT! - SMH Short - February 7, 2018
Volume 2, Issue 5
February 7, 2018
Download PDF Version here
Items of Interest:
Over the years, we like to look at the Semis as a tell to get a sense of aggressive investor behavior on the long or short side. The SMH retraced less than the Nasdaq 100 which puts it in a weaker position and at risk to take out the recent lows from here. Use a closing stop on the Nasdaq 100 short we sent out yesterday.
For those who can short the SMH, the reward to risk is good in here to do so. Stop at $103, targeting $93 - $94.