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The Semiconductor Sector (SMH) : Outperforming SP500 ?
September 15  ​( From  TradingView  )
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​​​​​The Situation

​​​​​​The Semiconductor Sector ETF ( SMH ) broke on the upside the 
​20 DMA (Day Moving ​Average) on September 8 then at 49.26.
​​( See first chart below - Yellow Line )​

​On September 9, it did test the 50 DMA then at 51.31 but failed
​to closed above. ​​( See first chart below - Red Line )​

The Semiconductor Sector ETF ( SMH ) is still within a Falling
​Channel with 48.48 as Support and 51.53 as Resistance.
​Closing price on September 14 was 50.37.

​​​​
The Semiconductor Sector start to outperform tremendously ​
​since ​August 20 2015 ​compare to the Mighty SP500... ​​And the ​21 DMA did turn upward on August 31.
​​​​​​( See blue line on the second chart below ).

​But the most interesting technical factor is that we are back above a Major Support Trendline that started back since February 5 2014. ​​( See first chart below - Yellow TrendLine )​
​​







​​


The Semiconductor Sector (SMH) : Outperforming SP500 ?  $SPY #Trading #investing  #smh #SP500
RATIO
​Semiconductor Sector ETF SMH
over SP500 Index
( Blue Line )
 21DMA ( Amber Line )​

SP500 Index​ ( Candle )
Semiconductor Sector ETF SMH

Financialiceberg.com
Financialiceberg.com