ALERT! - SMH Update - April 20, 2018

publication date: Apr 20, 2018

Cerundolo Investment Research    

CIR ALERT!  

Volume 2, Issue 12
April 20, 2018

Download PDF Version here


Items of Interest:

  • We have been writing for a number of months highlighting an important target area of $102 for the SMH. After achieving that target, the SMH has been in a distribution phase and losing upside momentum. A daily Money Flow Unit (MFU) formed on March 22 with targets at $95 and then $89. There is a strong possibility that the daily MFU will roll up to the weekly time frame which will give lower targets. For now, we believe a top is in and would recommend reducing exposure in this group.

    Attached, please find an updated chart of the SMH along with one sent out in September 2017.
    If you need help reviewing names in this group, let us know.

 

 

 

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