Jul. 7 at 11:00 PM
$SMH drops 13% from peak after a massive 85% rally! Holding the semi line.
The semiconductor landscape is undergoing some intense profit-taking, and while nobody knows exactly when the bleeding stops, the macro trend is far from dead. A 13% pullback from the 670s peak is just noise compared to the stellar 85% surge off the March lows.
No rotation into boring defensive sectors like banks or groceries here-staying heavily positioned in semi land. Just added to a fresh memory name and an accumulation favorite. Meanwhile, with crude dipping and rate visibility clearing up, lagging precious metals look ripe for a massive catch-up play.
Full dark pool accumulation data and next-gen memory stock analysis pinned on my profile.
