$BBIG – I repeat myself a lot on this front, but still worth repeating – don’t chase big movers. More times than not, the easy money has been made.
The charts on the Semiconductors simply look BAD! There is nothing redeeming about them here, and there are plenty of more earnings reports to come out on them still, including the big names like Advanced Micro Devices (AMD), Nvidia (NVDA) and Intel (INTC).Â
Plenty of takeaways during the month of November for my swing-trading. For one, it was another successful month, but there were a few stretches in there, that I’d like to soon forget. Most notably was the way in which it ended.
Despite the tear the market has been on this week, the early morning hours is showing futures with a little bit of hesitation. I added three additional short positions to the portfolio with the expectation that this market cannot go much higher as it is up against critical levels of resistance. So if the market doesn’t
The Exchange Traded Fund (SMH) provides for a solid risk-reward play. The ETF buys companies that do business in the semi-conductor industry, and of late the industry has been showing noticeable weakness. First with the slip below the critical 50-day moving average, (though it is currently trading above it after the rallies on Monday