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Nasty Topping Tail On The Semiconductor ETF $SMH

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ITMS Member Level  Tuesday, 02/27/18 01:06:41 PM
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Nasty Topping Tail On The Semiconductor ETF $SMH

Shares of the semiconductor ETF $SMH surged in early trading, only to reverse in dramatic fashion, going negative on the day. The early surge made a new all-time high but the reversal is an ugly topping tail, a likely major top signal. Investors should watch where the $SMH closes today to see if it holds the topping tail. If it does, the SMH is a stone cold short.




Gareth Soloway
InTheMoneyStocks

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