SMH relative strength

Q's and SMH found some nice support over last few days and I agree that SMH will pull Q's up (not necessarily SPX/DOW) for trend change if that's what happens. SMH on 300 SMA and Qs on 200 SMA, going long Q's monday at open (35 calls)

 

I would wait until Monday.

 

Be careful.. I would wait a little on Monday to make sure we dont crash. I would not go blindly into the open especially if NQ futures are down.

SPX and DOW can hit their 200ma.. thats another 100 point drop for the dow atleast.

 

also... $NWX down 30% from high with CSCO earnings coming out 5/11.

 

lol ya edited the post