Semiconductor HOLDRS (AMEX: SMH) Steady Rise Says Market Timer Frank Kollar

May 14, 2008 (FinancialWire) (By Frank Kollar)

Shares of Semiconductor HLDRS (AMEX: SMH) have been in a slow but steady uptrend since their January 22 panic lows.

Semiconductor HLDRS has been one of the most volatile of ETFs and though there have been some volatile days, for the most part SMH has been in a nice quiet advance for almost four months.

Shares of Semiconductor HLDRS still have lots of room to move higher too, with initial resistance up at $33.95, some 5.6% above Tuesday’s (May 13) close. A close above that resistance level should take SMH to $35.70 before critical resistance is reached.

The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Semiconductor HLDRS.

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.