Q's bullish momentum broken, it was driven by the chip makers and there is still good strength, but there is more competition, there was a Barron"s article this weekend on how the sector is moving, not super bullish but not bearish sentiment.
recent article on Barron's chip makers are facing more competition, I did talk positive about AMD growth but mention about Cerebras Systems with a new IPO this year and a faster chip that will more than double NVDA's. The is still some selling pressure but we are reaching some good support and volume has decrease a bit on sell days.
on a weekly chart, APPL is not done with selling, maybe if they cut some heads might give it a short term boost but overall I see some targets for the down side with STO still on sell mood
NYSE:DHT good volume spike on a up day on this dry bulk marine transportation, the uptrend is a good one and possible target are 11.50/12.00 for a base then 15 - 16
NYSE:AZEK strong up trend and couple breakouts and the end of the year, from IBD Market Smith, nice retracement to a support area, might be a good entry with a SL of 6% and 20% target for a swing trade.
NYSE:ANET from Market Smith, it touch the 50% Fib retracement and now is at 62%, volume is lower but it might be due to the season. but the uptrend still strong.
I think AAPL has reached an oversold level, it is a little below the 50% fibs retracement but there is a good support are at these levels. I bought some Jan19 190C because today Thursday 4 the volume reach to more than 35K.
