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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: Jacob Snyder who wrote (3845)11/14/2014 1:40:06 PM
From: Jacob Snyder2 Recommendations

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Robert O

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shorted SMH at $52.2 today. opening position. Reasons:

1. SPX almost up to RSI 70, upward momentum stalling. VIX down below its 200dma

2. SMH stalling just below September highs; unable to make new highs

3. SMH up 17% from its lows of just a month ago; too far too fast

4.by shorting SMH, I avoid the risk of any company-specific events

5. none of the reasons for the market decline last month have been fixed: gridlock in Washington, Ebola, ISIS, Ukraine, end of QE, stagnation in Europe and China

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