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SMH tracks a market-cap-weighted index of 25 of the largest US-listed semiconductors companies.
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Yahoo FinanceMar 15
ETF Pick of the Month: Watch out for Major Resistance Facing Semiconductors
ETFdb.com is recommending a new short position for the month ahead. This short recommendation is based around preparing for a potential pullback in a high-beta corner of the market that appears vulnerable after a nearly-vertical recovery since the December 2018 lows. Below, we outline our investment thesis and outlook for the new recommendation. This position is motivated by a momentum-driven sector facing major overhead resistance that has yet to be conquered even after multiple attempts all throughout la...