How Verified Investing’s view on $SMH changed

2026-09-11

“S&P At Record Highs While Semis Sit 15% Below — The Decoupling”

SMH shows relative strength but needs technical confirmation above key levels to sustain a rally toward $600+.

Right on the SMH, SMH comp uh performing extremely well compared to the Q's and the S&P up around 2%, guys. Not quite filled that gap from Wednesday, right? But a 2% move up uh is not too shabby for uh the semiconductor industry, right?

And speaking of downs sloping trend lines, we have this really, really key downstoping trend line that we just broke above today. You can see we've tested it here, here, here, broke above it, right?

Actually opened up above it, came back down, right? Went below, retested it, and now are looking to potentially break above it.

Watch the source03:27

2026-09-09

“$6 Billion Wasn't Enough: Yields Surge as Bessent Buyback Flops”

SMH shows near-term positive structure by exiting and holding above an inclining parallel channel, but lacks confirmation as it failed to break yesterday's high or sustain a move above the 50-day moving average; currently on the edge of potential upside.

Uh next up into the SMH. And guys, I remind you as I do nearly every day, the SMH is my leading indicator. And what were we looking for today? We were looking for price to get up above yesterday's highs and close.

Well, we didn't get that to accomplish on the charts. Cleanly, as you see here, is the daily candle. Yesterday's high was up here at $58057. We didn't even breach that level on intraday trading.

Watch the source03:55

2026-09-08