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SMH bull thesis: closing above the 50-day MA triggers a multi-day rally.
Interestingly enough, SMH, we've actually been watching SMH and IGV. Some days it seems like the hardware gets pounded and the software trades all right and then the next day it's reversed.
So, we've been kind of looking at both of those. The SMH here, this looked to me like it was button up against the 50. Now, today I know it's early. It's still in the pre-market. We're trading above the 50 here.