After 48-hours of volatile trade its hard to know how the SEMI ETF will open today hence our relatively conservative bid this morning although it would probably have been hit yesterday when the KOSPI fell more than 8% – this order may well be amended through the week.
- We are bullish towards the SEMI ETF from the $38 area with our first target new highs ~$45.
Trade Idea: Buy the Global X Semiconductors ETF (SEMI) at $38 with stops at $35, around 8% risk
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