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The Semiconductor Sector ( SMH ) : Cheapest since October 2014 ?
July 30 ​( From  TradingView  )
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​​​​​The Situation

​

​​​​​​The Semiconductor Sector ETF ( SMH ) broke the Support 
​Trendline onJune 29 at 55.48. It did tested it back on July 1.
​​( See first chart below - Red Trendline - Ellipse )​
​
​On June 30, the 20 DMA (Day Moving ​Average) ​then at 57.03 closed
below the ​50 DMA then at 57.08, a bad technical sign indeed.
​( See 1st chart below - yellow and red line  ).

It did broke the 200 DMA on July 6 then at 54.53.
​​( See 1st chart below - green line  ).

​​​​The Semiconductor Sector ETF ( SMH ) is still within a Falling
​Channel with 50.06 as Support and 52.66 as Resistance.
​Closing price on July 29 was 52.28. 
​
​​​​The Semiconductor Sector start to underperform tremendously ​since ​May 29 2015 ​compare to the Mighty SP500... ​​And the ​21 DMA did turn downward on June 24. It is now at the cheapest level on a relative basis since October 2014. ​​​​​( See blue line on the second chart below ).

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The Semiconductor Sector ( SMH ) : Cheapest since October 2014 ?  $SPY,$SMH #Trading #investing  #smh #SP500




RATIO
​Semiconductor Sector ETF SMH
over SP500 Index ( Blue Line )
 21DMA ( Amber Line )​

SP500 Index​ ( Candle )


Semiconductor Sector ETF SMH








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Financialiceberg.com