Tag Archives: iShares PHLX Semiconductor ETF

Trading Strategy – iShares PHLX Semiconductor ETF

 
One of the more noteworthy developments in recent days has been the move in semiconductor space.  The marvelous run of the semiconductor stocks that started in the second half of 2016 stalled in late November amid worries about the end of super cycle.  After falling for most of the week, the iShares PHLX Semiconductor ETF (SOXX) rebounded Friday, rose 1.57 percent to 169.80, bringing its YTD gains to more than 38 percent, 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 SOXX.

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 – iShares PHLX Semiconductor ETF (daily)

Our “U.S. Market Trading Map” painted SOXX bar in green (buy) – see area ‘A’ in the chart.  SOXX rebounded nicely after last week’s selloff found support near the prior low set in early December.  Friday’s rally pushed the ETF up against…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.