Many of the leading semiconductor stocks continue to struggle to catch a bid higher. The important and highly followed Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH) is trading lower by 0.12 cents to $44.45 a share. Short term traders should watch for intra-day support around the $32.20 and $32.90 levels.
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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.
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The Semiconductor Sector Is Still The One To Follow
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.
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NVIDIA Corporation (Nasdaq:NVDA) announced that it will hold a press conference at the 2012 International Consumer Electronics Show (CES) on Monday, Jan. 9, 2012, which will be webcast live. The event will begin at 4 pm Pacific Time (7 pm Eastern Time), at the Venetian hotel, in Las Vegas.
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Dell Inc. (Nasdaq:DELL) announced new ways for customers to give the gift of Dell this holiday season. An exciting Thin + Powerful product line-up combined with incredible holiday deals, special financing options, premium services and mobile access to Dell.com will make this year's holiday shopping experience a breeze.
Read full article at: http://drstockpick.com/?p=23005
The Semiconductors Holders Trust (NYSEARCA:SMH) are trading lower by 0.25 cents to $29.51 a share. This ETF is viewed by many as a leading indicator for the tech heavy NASDAQ Composite. When the semiconductor sector shows strength most of the leading technology stocks will generally remain strong. The SMH is trading around a short term support level on the daily chart around the $29.00 area.
AppleInsider reported this morning via DigiTimes that Intel (NASDAQ: INTC) is in serious trouble.
ARM Holdings (NASDAQ: ARMH) is aggressively moving into the notebook industry, where Intel has long been the dominant player. With Windows 8 moving to ARM-based chips, the competition between ARM and Intel is going to heat up in 2013, as ARM's chips become more and powerful.