Volatility is likely not going away in the near-term so even though the long term thesis on AMD is still valid, it will likely not be spared the continued market downtrend. Looking for a bounce between the .786 retracement of the April-September run and the gap from the pump at the end of July.
I think it's time we pay for those tax cuts we already gave to all the companies that own all these shares, isn't it? This could get ugly fairly quickly. Jan will decide if the rally is back on or if we are heading towards new lower levels.
The VOO has broken several key levels of support this month on heavy volume and is looking much more probable to re-test lows from as far back as April before re-testing the highs from September. Even if the trend line from April holds, which is looking less likely by the day, we won't be back to September levels until May 2019 at earliest.
Resistance Levels are...