Semiconductor HOLDRS (AMEX: SMH) Holds Up In Sell Off Says Market Timer Frank Kollar
June 21, 2007 (FinancialWire) (By Frank Kollar)
Shares of the exchange-traded fund Semiconductor HOLDRS (AMEX: SMH) declined on Wednesday along with the rest of the stock market, but only lost a fraction compared to larger losses for most other technology ETFs.
Semiconductor HOLDRS , which allows investors to trade a basket of chip stocks including such powerhouses as: Applied Materials Inc (NASDAQ: AMAT), Intel Corporation (NASDAQ: INTC) and Texas Instruments Incorporated (NYSE: TXN), has been strong these past two weeks.
Semiconductor HOLDRS is likely to hold up better than most high tech ETFs in coming days. After this correction, if it becomes a correction, has run its course, look for Semiconductor HOLDRS to outperform, with a target for this advance of $40.00 a share.
Fibtimer.com (http://www.fibtimer.com) holds a position in Semiconductor HOLDRS in its ETF Timer Portfolio.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Go to previous Press Releases & Trading Notes.
Note: These "Trading Notes" are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2007, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
