Stocks took a hit last week, with the S&P 500 plummeting by more than 3% and the Nasdaq 100 by almost 3.5%. The Russell 2000 fared even worse, dropping nearly 4%. While markets...
Now that the monthly CPI is out of the way let’s take a look at 10 important index charts. I’ve got to say, these are collectively painting a rather exciting bearish picture.1. All...
If you're no longer expecting a Nasdaq 100 breakdown, then here is the classic H&S formation on the Philadelphia Semiconductor Index (whose components include the giants of this...
I didn't mention this yesterday, but the Dow Jones Industrial Average has managed to defend breakout support. While other indexes fluff their lines, there is still a buying...
The selling is orderly, but it's still selling. I'll keep with the Russell 2000 (IWM) as this is the guiding (and leading) index for others. It didn't pause for long at its 50-day...
Market weakness continued to strike the market, but selling volume remained light. The Nasdaq moved further away from support, all but confirming the channel break. But, it dropped...
(Tuesday market open) The new month starts with stocks tinted red, but this week’s main events are just getting underway. A rise in Treasury yields might have investors...
(Friday market open) With no data on today’s calendar, focus turns squarely to earnings. It’s been a mixed bag so far, but stocks rose slightly in premarket trading following a...
A bright start to the week has given bulls a vital advantage, although trading volume remained light overall. Since the breakouts happened in early July, I would now be looking for...
The Russell 2000 made its move, but today it was Nasdaq and S&P 500's turn. Technically, the breakouts for both of these indexes occurred yesterday, but doji doesn't really qualify...
Advanced packaging for CoWoS is the key factor when it comes to the development of AI chips
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ChatGPT predicted this very much resembled XBI boom/ bust
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Es inminente la toma de utilidades cuidado¡
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SOXS will be upside for 2 weeks due to all semi stock earning are done.
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Starting from next week , the SOX will be down sharply ater the world largest semiconductor importer cut significant portion of the imported chips replaced with domestic produced chips and start export chips to the international market
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I am bearish on the semi, expect in the coming earning report both short term and long term, most of the companies will give a bearish guidance like what MU did with high unsold old inventory,because, the world biggest importer of of semi reduce significantly its import and turned out to be an exporter of semi
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Only trade based on the techical charts of MA5, MA10, MA20 and MA60 plus resistance and support in average lines. And the rest things are all secondary
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Both 1W and 1M charts look bullish as Semi is off 1 year lows , going higher