
SEMI MANIA HELPED BY IRAN OPTIMISM, POTENTIAL SHORT SQUEEZE AHEAD
By Nigam Arora

To gain an edge, this is what you need to know today.
Iran Optimism
Please click here for a chart of leveraged semiconductor ETF (SOXL).
Note the following:
- The chart shows semiconductors rallied yesterday on Iran peace hopes.
- The chart shows semiconductors are rallying again in the early trade on Iran peace hopes.
- The chart shows zone 1 (resistance).
- Today is Friday before a long weekend. Expect liquidity to be low. Low liquidity and the potential of an Iran deal over the weekend are precisely the conditions that can lead to a vicious short squeeze driving the stock market, especially semiconductors, higher than you would think.