SMH is strong this morning(@10AMEST) against weaker broad indices. the semi's have been diverging for the past few months, now is the time to enter for 100% up-room to go $$$.
Agree with you but would play selective names in the sector rather than SMH. Look at IFX daily chart for example. Imho it's promising about 50%-60% upside in a year or so...
yeah playing selective stocks will magify your r:r if you favour that. ive been observing something unusual lately; a correlation between natural gas and semi's -> they both have been coming down for the past few months and today they are both rallying substantially???