Tuesday, January 17, 2012 10:32:33 AM
Keep The Semiconductors On The Radar
This morning, the Market Vectors Semiconductor ETF (NYSEARCA:SMH) is trading higher by 0.21 cents to $31.80 a share. The semiconductor sectors continue to struggle around the daily chart 200 moving average. This tells us that this important sector is showing weak relative strength when compared to the major stock market indexes. Major stock indexes such as the Dow Jones Industrial Average (DJIA), S&P 500 Index, and the NASDAQ Composite are all trading nicely above the important daily chart 200 moving average. The problem with the semiconductor sector is that they should normally lead the markets higher, that is obviously not the case at this time as they are lagging the major stock indexes. ...Continue reading here: http://bit.ly/wFMWwU
This morning, the Market Vectors Semiconductor ETF (NYSEARCA:SMH) is trading higher by 0.21 cents to $31.80 a share. The semiconductor sectors continue to struggle around the daily chart 200 moving average. This tells us that this important sector is showing weak relative strength when compared to the major stock market indexes. Major stock indexes such as the Dow Jones Industrial Average (DJIA), S&P 500 Index, and the NASDAQ Composite are all trading nicely above the important daily chart 200 moving average. The problem with the semiconductor sector is that they should normally lead the markets higher, that is obviously not the case at this time as they are lagging the major stock indexes. ...Continue reading here: http://bit.ly/wFMWwU
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