$SMH 500 level.
This is a key level for the intermediate term.
That being said looking at the premarket activity I'm still seeing green elsewhere in the market.
But I'm waiting to see if the buying in other areas matches or exceeds the selling in semis...
We’ve been talking about natural gas for months, and today we’re finally seeing the price action we’ve been waiting for to move to add to our position.
https://t.co/zqzu2aCN7s
Linda Raschke: Why I Never Scale Out Of Positions
Most traders are taught to take partial profits. New Market Wizard Linda Raschke doesn't. She's all in, all out.
Her logic: if there's a reason to take off part of a position, there's a reason to take off the whole thing.
And look at what scaling out actually does. You take small pieces off your winners, but when you get stopped out on a loser, you get clipped on the full size.
"That does not make sense to me. I'm usually all in, all out. That's my trade."
I’ll be joining The Morning Show on @StockMktTV today around 9:05 AM ET.
We’re talking GOLD, the U.S. dollar, and the bond market.
How is the dollar driving gold prices? And what are bonds telling us about what comes next?
See you there!
https://t.co/B80Qt33Nwc
@stockatlasdata It's from the man @sam_gatlin
We went to post the same chart at the same time in a video the other day. As usual his was better looking.
It's an interesting set up for sure.