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.
(BRCM, MMUS, MSPD) Notable Stocks by Drstockpick.com
This morning, the big three leading technology stocks are all trading lower. They are Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), and Google Inc (NASDAQ:GOOG). These three stocks will usually dominate the action in the NASDAQ Composite and the NASDAQ 100 Index, however, today it is the semiconductor stocks that are keeping the tech heavy index in the green.
(FURX, BRCM, AAPL, GBLHF, CLWR) Featured Stocks by PennyGovernance.com
Apple Falls From The Tree Before Earnings, Watch These Levels
Apple Inc (NASDAQ:AAPL) is declining lower this morning with the major stock indexes. APPL stock is trading lower by $3.70 to $423.70 a share. The popular tech stock will usually hold up well and often rally into earnings. Short term traders can watch for intra-day support around the $422.00, and $419.00 levels should the stock trade down there.
This morning, the Market Vectors Semiconductor ETF (NYSEARCA:SMH) is trading higher by 0.21 cents to $31.80 a share. The semiconductor sectors continue to struggle around the daily chart 200 moving average. This tells us that this important sector is showing weak relative strength when compared to the major stock market indexes.
(PAR, LSCC, GBLHF, BRCM, CKSW) Stock in Focus by BestOtc.com
Semiconductor Stocks Are Sending Out Warning Flags
The semiconductor sector is a very important group of stocks that traders should follow closely. Often the semiconductor stocks will lead most technology stocks higher and lower. Since December 19, 2011 the Semiconductor Holders ETF (NYSEARCA:SMH) has rallied higher by $2.47 a share. This morning, the SMH is trading higher by 0.72 cents to $31.15 a share.