Welcome to Capital Essence

Sign up for a FREE MEMBERSHIP to read tons of free content. Take a 30-DAY Trial Offer to access premium research and trading strategy. Check out our Investment Blog for the latest trading/investment ideas. If you want to go beyond the latest numbers, our Market Outlook will tell you why the market does what it does and what it means for the next day’s trading.

 
One of the more noteworthy developments in Monday session has been the move in semiconductors.  The group rebounded nicely, cutting losses from last week led by a 9.2 percent gain in Advanced Micro Devices and a 3.5 percent jump in Broadcom.  The VanEck Vectors Semiconductor ETF (SMH) rose 0.97 percent to 106.86, up nearly 10 percent YTD while the S&P gained nearly 8 percent over the same period.  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 (weekly)

Our “U.S. Market Trading Map” painted SMH bars in green (buy) – see area ‘A’ in the chart.  The first dominant feature on the chart is the rising trend line starting in mid-2015.  The second dominant feature of the chart is the early 2018 massive triangle trading pattern, which represents the digestion period…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?

Subscribe to CEM News to receive more in-depth research from Capital Essence.

P.S. Take advantage of the 30 days special trial [new member only]. Join a small group of elite traders and receiving these daily trading ideas by click here to subscribe.

Archives

Translate this Page