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My stock trading journal. I time the market and look for trading opportunities in stocks, etfs, and options.
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SMH Semiconductor Analysis

Started by StockRake · 9 months ago

I bought call options in SMH today because I think the SMH might pop next week yielding some short term profit.
1. The charts.

Now the weekly SMH chart:

If we get back to the $40 highs I’ll be ecstatic, but I’m only looking for a $1 move higher for right n ... Continue reading »

7 comments

  • Bruce

    1 year ago

    Hi - just wondering which broker you prefer in doing your trades?
    reply
  • Sensei

    1 year ago

    I use Ameritrade for my stocks and I trade most of my money at Rydex utilizing the double beta mutual funds.
    reply
  • Bruce

    1 year ago

    Ever look at Interactive Brokers? I've been thinking about changing considering their commissions are so low (0.005 / share), but haven't heard about anyone using them so not sure how good they are. Any thoughts on them?
    reply
  • Sensei

    1 year ago

    I've known people to use them because of the ability to trade everything under the sun there. Commodities, futures, foreign exchanges, etc. I filled out the paperwork a couple of times, but have never followed through.
    reply
  • Tom

    1 year ago

    Has anyone looked into the divergence between SMH and QQQQ?

    It looks like unless SMH confirms the QQQQ, there is room for a downside move in tech.

    Watching it very closely.

    Other sectors poised to drop lower...

    I am looking at shorts on OIH and XLF. Short XLF especially if today's FOMC minutes reflect a "one and done" position vs. more rate cuts to come.
    reply
  • Sensei

    1 year ago

    I love the OIH short. Thanks for the idea. One of my systems has it on a sell today at the close.

    XLF and SMH look aok though.
    reply
  • Sensei

    1 year ago

    Looks like yesterdays move canceled out my sell signal...OIH breaking up.
    reply

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