Semiconductors Keep Nasdaq In the Green – BRCM, ARMH, KLAC, SMH

This morning, the big three leading technology stocks are all trading lower. They are Apple Inc (NASDAQ:AAPL), Inc (NASDAQ:AMZN), and Google Inc (NASDAQ:GOOG). These three stocks will usually dominate the action in the NASDAQ Composite and the NASDAQ 100 Index, however, today it is the semiconductor stocks that are keeping the tech heavy index in the green. The Market Vectors Semiconductor ETF (ARCA:SMH) is trading higher by 0.30 cents to $34.79 a share. Short term traders can watch for intra-day resistance on the SMH around the $34.85, and $35.05 levels. The daily chart for the SMH continues to hold up well.

Some leading semiconductor stocks that are trading higher this morning include Broadcom Corp (NASDAQ:BRCM), ARM Holdings plc (NASDAQ:ARMH), and KLA-Tencor Corp (NASDAQ:KLAC). Traders should remember that the semiconductor stocks will often lead the NASDAQ Composite higher and lower.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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