Today, the important Market Vectors Semiconductor ETF (NYSEARCA:SMH) is trading higher by 0.42 cents to $30.31 a share. Short term traders should watch for intra-day resistance around the $30.50, and $30.75 levels
Today, the important semiconductor stocks are trading sharply higher. When the semiconductor stocks rally higher it is usually a good sign for the technology sector. The semiconductor sector is viewed by many traders as a leading indicator for the NASDAQ Composite. When the semiconductor sector lags the NASDAQ Composite it is usually a warning sign that the NASDAQ Composite will be weak in the future.
What's better than combining a bargain stock valuation with robust revenue growth? Here are the 10 Magic Formula® stocks that are growing the top line the fastest.
This morning, the U.S. Dollar Index is declining and that is helping to inflate the major stock indexes once again. Normally, energy and commodity stocks will be the first equities to inflate when the U.S. Dollar declines, however, these days everything in the market including technology stocks will inflate as soon as the U.S. Dollar dips.
These days the technology sector is predominantly dominated by Apple Inc (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), and Amazon.com Inc (NYSE:AMZN). When an investor wants to know if the tech stocks are trading higher they will usually just look at one of these market leaders; however, it is the semiconductor sector that is still the technology barometer.
This afternoon, the highly followed NASDAQ Composite is trading slightly lower on the session. This decline in the tech heavy NASDAQ comes as the Dow Jones Industrial Average and the S&P 500 Index are trading higher.
