This happens to be one of the easiest stock chart setups I have ever seen. In fact, if you are not short this trade, I just might think you are smoking crack! The semiconductor ETF is up an insane amount in 2016. To be exact, the semiconductor ETF $SMH is up 50% this year. This ETF includes stocks like $TXN, $INTC and $NVDA. These are not micro cap stocks, this is not the Russell 2000 made up of small caps. This insane stock chart put in an epic topping tail yesterday. A topping tail on an ETF that is up 50% within a year is a huge sell signal. In addition, the distribution from institutions remains at its highest levels seen in years. If the big boys are selling/shorting, its smart to do the same. Today the fall has begun. I am short and I have some puts. Love this trade and avoiding crack!

By Pro-Trader

Jenny Rebekka