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Philadelphia Semiconductor Index (SOX)

NASDAQ
Currency in USD
Disclaimer
4,526.2
+47.4(+1.06%)
Closed

Philadelphia Semiconductor Index Discussions

Under 1362 = BUY. This is gift
This is the spot to back up the truck. I am looking at $120 calls on SMH Jan-2020 expiration. Right now selling for $2.10. I'd say that could go to $10 in next couple months
 It's a 19yr breakout not double top. It's akin to trying to short MSFT after she went sideways for 16yrs. The magnitude of the breakout is hard to fathom. Just look at Nasdaq as a whole since 2016
  Those $120 calls hit $4.10 today, up 100%. Ty much
 Claude, $120 calls have hit $8 from $2.05. You are wrong on semis and will continue to be wrong as this is a 19yr breakout that is only just beginning
I rEally like SOX in 1340s. This has 50% upside into next year from this level
Semis set to gap down this morning, Punish the Dip. This retest of 1362 can be launching pad next stop 2000
The gap hasn't been fully filled. If 1362 holds on next week's close, forget about timing. just BUY
Think we can fully fill the gap around 1380 and hold support at 1362 before ready for sustained move up to new highs. Really the target is 2000 for a round #
Pretty much filled the gap today, but that 1362 level more important than any other. So if we get a test that is a good risk/reward spot for buys w SL @ 200-day in 1320s
One last backtest of 1362 perhaps
Double gap on the daily at $1382, thinking that fills
All the shorts have covered LOL
Today I think they call Breakaway GAP
Not bullish enough at bottoms... classic. This may be the start of road to 2000
Semis not leading, I don't like the price action. I have exited all highly leveraged long plays with good gains from end of May
Micron again nothing
Micron again nothing... something is telling me 1362 acts as resistance one last time
SOX holds 1320 (200-day) then we are okay. But I have a feeling if back below that level there could be a mini meltdown that will provide best buying opportunity
MU gave us a hint today
Pump and dump here this morning at the open. Together with crude puking, we may take a bit more time to find bottom before big sustained move UP
Hard rejection at 1362, w some quick funny business. Second test highly likely
1362 is still important level. We have a big test here, but so far back above 200-day at 1320. A close back below there would be a sell. If 10-day starts sloping upwards again, that will be signal to leverage up
Bears skinned alive, it has only just begun
10-day and 200-day at 1320 acting as regained support. Now to turn ATHs from 19yrs ago to support at 1362
ohh ya:. https://invst.ly/ay9x0
Haven't touched the 10-day MA for a month, that is unusual. It is steeply declining now about $1335 which is resistance above $1320 which is 200-day MA
Semis showing relative strength against other sector, strange
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