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Article: Semiconductors Stocks Show Signs of Life, Says Dr. Joe Duarte.
- Article from:
- Investrend
- Article date:
- September 10, 2009
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Sep 10, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/09/10/semiconductors-stocks-show-signs-of-life-says-dr-joe-duarte/)
September 10, 2009 (FinancialWire) -- Dr. Joe Duarte (http://www.joe-duarte.com) recently noted: The Semiconductors HOLDRS Trust (NYSE: SMH) made a new high on Tuesday, and held its own on Wednesday, sending a subtle signal to the markets.
Duarte added: While investors looked to more headline grabbing sectors, such as gold, the chip sector was putting its act into high gear on Tuesday, as the Philadelphia Semiconductor Index (SOX) and its proxy ETF, SMH, were making new highs.
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