Technical Tuesday - July 3, 2018
The Nasdaq Composite continues to stall at our long-term target area, and momentum continues to weaken. The Semiconductor ETF - SMH has been carving out a top pattern for a number of months as it trades around our target of $102. It has just started to break a 2-year uptrend and the monthly MACD - momentum indicator has crossed. We would be reducing exposure.
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