We won't know for sure where this is headed until after hours when earnings are released, but the chart still offers a lot to get excited about on its own. As you can see we've got an extremely awkward cup, but it's only because MOSY seems to have bounced off the same resistance so many times and could really be applied to any of the spikes. If we see a definitive...
Yeah, yeah, yeah I know I am jumping the gun here to be claiming you can short sell this stock at it's current price. My way of thinking is since the BKC ETF came out....... all of a sudden AMD took off and now that Crypto is flirting with fresh lows AMD will no longer see that boost. I feel fairly confident that a quick short squeeze could spark a quick gain. Stay Tuned!
On Friday's Options Action, the crew analyzed the performance of the semiconductor sector. Semis have reached it's dot-com peak while underperforming the technology sector over the past few months. Micron reports earnings next week and recently failed to make a new high while underperforming the tech sector. Coupled with Micron's sell-off after last quarter's...
Applied Materials is a $50B market cap big player in the semiconductor industry. The current trend is probably why Facebook is starting to look at making it's own chips: www.investopedia.com
We can see in the 1 month view that we are in a meta bubble, an exact replay of the 2000 tech bubble.
Ride the wave, but get out ahead.
The fundamentals:
Another quarter of solid growth for Applied Materials, who provide equipment used in semiconductor fabrication. While investors cheer on (the now overbought) MU, AMAT also has room to grow. Even if growth appears to be slowing, this dip puts it at a good price.
The technicals:
RSI(15) is just under 50, meaning it is neither overbought nor...
Semiconductor chips has broken above the horizontal flag it's been in since the strong rally off recent lows. The index ETF charted here, SOXX, was up over 13% from the 4/25 to 5/14! Today breaking out above resistance around $188, SOXX is up nearly 1% and with steadily increasing bull volume last few days.
Roughly speaking, looks like the SOX is in an ascending...
$MU has been a long time favorite, but semis got hit recently on demand concerns. Last analyst meeting MU said the servers using artificial intelligence use six times more DRAM and twice the amount of SSD. Since then, the stock has rallied and is approaching ATH levels. A "failed" breakout here and dip to the gap zone sets the stage for a cup and handle...
Lam Research once again delivers an earnings report that beat expectations, but without raising guidance. Once again, just like after the last earnings report, this lead to a dip in the stock price.
Buy the dip somewhere below $200 - look out for reversal patterns on when to jump in.
AMD 's RSI has been decreasing since 2016 December, and its price seems to have formed a head and shoulders pattern. It had some serious price drops with large volume after its left shoulder and head, breaking the 50 day moving average. After forming the right shoulder and undercutting the 50 MA, it showed a churning day ( high volume during the day, but no...
The Nasdaq-100 is about to have another day in the red. Around 3 am eastern, Nasdaq 100 e-Mini Futures
began diving, erasing the minor gains made in the previous session. The futures tend to take big swings during open sessions which IMO means that cable news networks are gonna throw that index ticker up for the day. The drop also comes 5 hours before opening...
With heavyweight Intel getting hammered today, the outlook of the broader semiconductor index obviously gets dragged along. The already unconvincing outlook of the past months has taken a turn for the worst by breaking below cloud support at 1299. The minor internal trend line at 1272 is now scrutinized but a move lower seems a mere formality.
Focus is on the...
![SOXX: [SOX] Bull Flag Breakout! Upside Targets and the Risks for Chips](https://s3.tradingview.com/u/uvpcNTKP_mid.png "[SOX] Bull Flag Breakout! Upside Targets and the Risks for Chips")
![NDX: Trade War is ON - Rough Week Ahead for Markets [TECH SECTOR]](https://s3.tradingview.com/n/NtRy8FNk_mid.png "Trade War is ON - Rough Week Ahead for Markets [TECH SECTOR]")
