Semiconductor HOLDRS (AMEX: SMH) On A Roll Says Market Timer Frank Kollar
July 19, 2007 (FinancialWire) (By Frank Kollar)
On Tuesday, shares of the ETF Semiconductor HOLDRS (AMEX: SMH) closed above a major resistance level. Where to next?
Shares of exchange-traded fund Semiconductor HOLDRS (AMEX: SMH) finally have closed above their prior December 2005 rally highs. This was a huge accomplishment considering how long the semiconductor sector has languished. The stage is now set for a continued rally to our next target, at $43.80.
Fibtimer.com (http://www.fibtimer.com) currently has a position in Semiconductor HOLDRS in its ETF Timing Strategy.
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.
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