Brian Shannon on $SMH (Nov 3, 2026)
SMH is expected to fall and undercut its summer low, possibly driven by the last big semiconductor earnings report, which could bring a flush and then a more powerful reversal; the speaker concedes he could be wrong about that being the final big report.
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and if that happens then the semiconductors uh SMH will come down and undercut this low from the summer and then perhaps we get our flush because that is I think the final big earnings report from uh the semiconductors.
I could be wrong about that but that might be the impetus for a flush and then a more powerful reversal.
The only thing I'm really, you know, excited about right now is that I'm short the SMH uh on this breakdown over here, but I'm going to close that out in the next 57 minutes.