The Market Vectors Semiconductor ETF (SMH) is challenging resistance with a big surge over the last few weeks. Aroon confirms strength as Aroon Up (green) moved above Aroon Down (red) and hit the +100 level. This sometimes signals the start of a new trend. You can read more about
Aroon in our ChartSchool.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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