$SMH isn't Bearish, but it is EXTENDED.
Those are NOT the same things.Buying on or near the 8-EMA is a good setup for the summer if you can get entry there.CHIPS NEED TO ROLL OVER FOR A REAL MARKET PULLBACK.THAT COULD BE $Broadcom(AVGO.US) FLOP OR $Micron Tech(MU.US) NOT GOOD ENOUGH EARNINGS REPORT ON 6/24.Right now though, $SMH is Plenty Healthy.See how this goes...
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