SMCI saw a nasty down move today with the market. Semiconductors led the downside move today. It seems massive amount of capital rotated out of the market today. This low float volume stock can unwind in a sharp way if this support is breached. Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market....
Great profits taken on a few trades today. Bitcoin & crypto under pressure. Semiconductors weak today. TC members received 7 new trade alerts today. 1 Bonus stock pick at the end of the video.
stockinvest.us www.nasdaq.com Yes, MMAT's target got raised 100X ( it has been in that neighborhood before) MMAT is currently trading at one-tenth of its price mid 2023 and 98% below its all time high. It got an upgrade of late. The 2 hr chart shows a falling wedge from which there may be an early breakout. The breakout is a confluence of the apex of...
TER shown here on a 30 minute chart has asended in a diverging channel to the resistance of January pivot high shown in the line and zone drawn onto the chart. My idea is to short it from here targeting first about 106 which is the line drawn from a pivot before the paradoxical fall with a decent earnings report. The lower target is the support trendline...
MU on the monthly chart 4 weeks ago crossed above the previous ATHs of 2021-2022 and has risen without retesting. Adding $9 to the all time highs for 10% inflation since then would adjust them to $104 and price is now in that range and above. Price is in the uppermost anchored VWAP bands and thus prone to reversal. However, MU is not as overextended as NVDA....
AVGO is asking to be chased. On the daily chart, the price is now $50 below the ATH of the top of of the month. RSI on the lower TF green line has pulled back to 72 from 85. The longer TF black line is admittedly in overbought territory. The longterm growth expectations of the AI stock defy ordinary technical analysis, AVGO is 3-4% below the ATH. I see...
Discussing the sell off in semis today. Potential reversal in Nat gas Bitcoin & crypto selloff. FOMC tomorrow: No rate cut. Will Powell come out hawkish tomorrow? its looking likely he will based off of the BOJ rate hike. Oil surging doesn't help the dovish case. Commodities breaking out doesn't help the inflation fight.
AMD on the 15 minute chart breakout through anchord VWAP bands starting on February 29th from the mean anchored VWAP support. Two days later finding itself extended to the second upper VWAP band, price corrected over the next day down to the first upper band and then after a few hours reversed and headed back toward the second upper band going...
On a 30-minute chart, like several other computer chip manufactures has approached or reached a near-term top. Overall Broadcom has gained 19% YTD. Earnings are in about two weeks. I see this as a short trade to follow AVGO from the top of the channel down to about 1225 in time to catch earnings at the bottom of the channel to end the swing trade and...
SOXL is the triple leveraged semi-conductor ETF while SOXS is its inverse. While SOXL is primarily up trending in its intermediate and full-time history, it does from time to time have a correction mainly when the technology sector gets challenged. I have found that plotting the ratio of the share values is a very accurate way of pinpointing those...
Tesla has had a beautiful bounce off support. This bounce comes on the back of a strong market, charging higher. If Tesla can hold above $195 it may move for the gap fill. Caution to the wind with Tesla as it has triggered a very bearish breakdown. SMCI is one of the best performing Semis. Its gone completely parabolic on its earnings. after gapping up 30%...
Watching the Yield Curve inversion closely...10's - 2's is narrowing. Weekly Reversal in the Semiconductors. Oil massive breakout! Dollar next? Tesla losing Mag 7 status...its now only 10th largest company.
Tesla Pummeled down 12% & Losing Mag 7 status. INTC poor earning reaction, weighing on Semiconductors Oil absolute definitive breakout. Dollar looks ready to pop. Vix creeping up.
Dollar Surging Reversal! Small caps Obliterated Oil Bullish Reversal.
NVDA just put in a weekly bearish engulfing candle! This is the first sing of a leading Mega Cap potentially seeing some distribution. If this bell weather names keeps falling its going to turn the sentiment in the semiconductors slightly more bearish and will weigh in on the QQQ.
The major indices have outperformed over the last couple weeks. Shorts and put skews are at all time lows. No downside protection is being bought at this time. Are stocks going to the moon again?
Nvidia made a new all time high today. We will see if it can continue beating its revenue 20% Quarter over quarter. Resistance & Support is clear.
💡 Pattern: Falling Wedge 💡 RSI: 57 Neutral 💡 Risk: Extreme ✅ Resistance: 28.4 ✅ Support: 22 PERFORMANCE 🔴 ST: NEGATIVE 🟢 MT: POSITIVE 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️