Semi-conductors

I've frequently mentioned SMH / SOXX as a favorite sector trade this year. In fact SMH was on the top of pivotal strength check on 8/21 and since then have rallied an amazing 20%+!

Here is SPY in bars from 8/21 and the others that I mentioned from that post. I know it is hard to sort out lines but several of the indexes mentioned did outperform SPY for several weeks after that low, with the outperformance ending about 2 months later. I mentioned EWZ weakness early, and it could have even been a hedge against other global longs. SHComp is also below SPY performance now, and though I like to monitor I typically don't trade it too much. EEM has kept above even with SPY. Others are above, but again SMH the huge winner.

18 40 SMH comp.png

SMH M
Starting to fall back inside BB.

18 41 SMH M.png

SMH W
BB divergence high. 

18 42 SMH W.png

This has been a great catch but with NDX / QQQ on YR3 I'm thinking time to lock in gains.