Schwab Network on $SMH (Nov 3, 2026)
SMH's critical level is its 200-day simple moving average; if a decline in one chip stock spreads to the sector and SMH breaks that average, additional downward pressure would hit SMH and the Nasdaq. The speaker still holds the sector long term even while trading short-term downside from major technical breaks.
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Because you are betting on the rise of AMD and the rise of the SMH index. Let's talk about SMH, since you closely monitor the semiconductor sector. I mentioned the 200-day moving averages.
This is also very important when you look at the big picture and this type of grouping, isn't it?
This is why I am looking at this critical level in the SMH indicator at the 200-day simple moving average . Because if we see a slight decline in AMD, and this causes a similar move in the rest of the semiconductor stocks and this sector breaks the 200-day simple moving average, then this will cause additional downward pressure on both the Nasdaq and SMH indices.
But I will continue to hold these sectors in the long term even if I trade them in the short term in a downward direction due to those major technical breaks .
What this channel has said about $SMH
Schwab Network has 4 calls on this stock; only the adjacent ones are shown.