The Compound on $SMH (Nov 3, 2026)
AI summary · The Compound
SMH is 24% off its high and down; its run above the 200-day moving average, the fourth-longest streak in over a decade, has ended with a close below the average, and the speaker says it is over, not just for now.
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The CompoundPublished Nov 3 · 1 passage
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Semiconductors in AI trade, DRAM ETF hits all-time high today It has dropped by about 40%. SMH is 24% off its high. It's down, John, can you find the chart? Can you get it? SMH above the 200-day moving average- Of?
It's coming a little after the show. This was a commendable thing. Last one 200-day moving average in over a decade Fourth longest streak above average . It's over for now, I mean not just for now.
It's over. This is the 200-day moving average. It's closed down.