Thx Joe. I didn’t catch all 9 of those (including the sector etf, IHI) but was fortunate enough to take a few of them. If the market wasn’t sitting on the edge of a cliff, I might even reverse some of those trades soon when/if IHI hits that support zone & the charts confirm (nice potential divergences setting up).
BTW- This blood bath in the semis today is exactly what I’ve seen many times over the years when a stock, sector or index continues to climb in spite of clearly bearish technicals, especially when it makes a new high after a clear breakdown below a bearish pattern, such as SMH & SOXX did recently.
That blow-off top was simply one of yet another divergent high & today’s 4.5-5% drop in the semiconductor sector (& much more on many individual names) was very typical. It just shows that the higher you throw a ball up into the air, the more it has to fall. Semis only dropped 1/3 of the way to my final target today. Some bounces will come along the way but looks like more downside in the coming weeks/months.