Thread: If You Are Not Short Semiconductors On This Signal, You Might Just Be Smoking Crack $SMH

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  1. #1

    Default If You Are Not Short Semiconductors On This Signal, You Might Just Be Smoking Crack $SMH

    This happens to be one of the easiest stock chart setups I have ever seen. In fact, if you are not short this trade, I just might think you are smoking crack! The semiconductor ETF is up an insane amount in 2016. To be exact, the semiconductor ETF SMH is up 50 this year. This ETF includes stocks like TXN, $INTC and NVDA. These are not micro cap stocks, this is not the Russell 2000 made up of small caps. This insane stock chart put in an epic topping tail yesterday. A topping tail on an ETF that is up 50 within a year is a huge sell signal. In addition, the distribution from institutions remains at its highest levels seen in years. If the big boys are selling/shorting, its smart to do the same. Today the fall has begun. I am short and I have some puts. Love this trade and avoiding crack!
  2. #2

    Default

    Unfortunately for Jenny Rebekka the trend smokes crack.
  3. #3

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