The SEMI ETF contains major US semiconductor names such as NVIDIA, Taiwan Semiconductor, Micron Tech, Broadcom and AMD, all of which have struggled lately. We are looking for them to find some bargain hunters in the coming days following their ~30% correction, with the news flow arguably reaching a crescendo.
- Shawn’s Trading Ideas (STI) has a resting bid in the SEMI at $31.40, which is likely to be filled this morning.
MM is bullish towards the SEMI ETF in the $30-31 range
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