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One of the noteworthy developments in recent days has been the move in semiconductors. The VanEck Vectors Semiconductor ETF (SMH) reached an all-time intraday high Wednesday, up about 12 percent YTD and 42 percent gain in 2017, outperformed the S&P by a wide margin.  Now the question is whether the rally has more legs?  Below is an update look at a trade in SMH.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – VanEck Vectors Semiconductor ETF (daily)

Our “U.S. Market Trading Map” painted SMH bars in green (buy) – see area ‘A’ in the chart.  SMH has been on a tear in recent days after the late January correction found support near the 200-day moving average.  That level is significant in charting terms. It offered support…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.


This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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