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Semis

SMH Semiconductors update (weekly) Key areas to watch Semiconductors finally showing some topping pattern, amidst topping RSI (12) that failed to reach the high 70 channel and a shrinking trend of volume. In effect, weakening momentum. The first level is 244.71, which is a Gann confluence and also a prior pivot (left yellow circle), and is a 7.1% decline off the most recent peak of 263.57. This would take it to the top of the red cloud which could serve as some support. The second level to watch is 229.18 (right yellow circle) , which is another Gann Confluence, and also a prior pivot, which would be 13.04% off the peak of 263.57. This would take SMH well into the cloud, which could create some future resistance. Seasonality is at play, so I would expect a rebound in late summer, although there are many factors which could disrupt any projections any farther out and I do not feel worth making now.
NASDAQ:SMH
by UnknownUnicorn13101
$AMD Daily swing trader order$AMD Daily swing trader order Sell order for the day: 105.44 Buy order for the day: 86.30 ———— So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market dips you’re buying and as it’s rallying you’re selling into the rally…. You don’t have to think of anything else…. Its super simple… in a way it’s a very passive swing trade strategy where you’re always buying the dip and always selling on the way up… I am not your financial advisor and feel free to follow along to see how it plays out and jump in any time. I’m tracking only a few of my positions on here and I want to see the success rate after 3 months. I know it works really well already but I want to be able to break it down and see it visually…. I’m visual like that… lol Also not that there aren’t supposed to fill same day… I have each order set to GTD, and the date is 8 weeks out…. So it just needs to fill within 8 weeks…. It is a completely market neutral strategy so lets see how it weathers and drops and rallies that might be looming in this weird market…
NASDAQ:AMD
by SPYder_QQQueen_Trading
2
$AMD: Long term trend is up$AMD is a leading chipmaker that provides processors for various applications of generative AI, such as ChatGPT, Bing, and Bard. Generative AI is a technology that can create new content based on existing data, such as text, code, images, and music. ChatGPT is a generative AI model that can write prose, code, and much more. It has been hailed as the most powerful and unpredictable technology of this generation. Generative AI has the potential to revolutionize and expand the creator economy by enabling new forms of expression and innovation. It can also improve efficiency and productivity in various sectors by automating tasks and generating insights. By adopting generative AI, chatgpt can transform the economy with higher efficiency, which allows economic growth despite slowing demographics long term. $AMD benefits from this trend by providing high-performance chips that power generative AI applications and platforms. $AMD seems ready to rally steadily from here, long term trend is up and we should participate on the upside with low risk entries like this one. Try to not miss out on this one. Best of luck! Cheers, Ivan Labrie.
NASDAQ:AMDLong
by IvanLabrie
SMH - It's not as bad as you think.....SMH closed today at 234.30, above the Ichimoku Cloud and well above the downtrend channel set from 2022 high to low (grey shaded area). SMH has clearly broken out of this channel, has successfully retested. I see next low at 232.40, which is a Gann confluence line, and then a move back upwards (point D). The reason I see a bounce is that the RSI is approaching oversold on the daily at the confluence line. Have we broken the bear downtrend? Looks like it to me. In order to resume the bear trend, we would at least need to drop at least to 175 (another Gann Confluence line), which would only take us to approximately the top of the down channel. That would be a 25.6% drop from today's close. If we want to continue the bear trend, then we would need to take out 166.97, the October low, which would be a 28.7% decline from today's close. Is it possible that we drop another 25 - 28% from here? Of course, anything is possible. However, I don't see it as probable, unless there is a BLACK SWAN event, which no one can predict in any event (by definition). I know that many semi companies have laid off employees, and taken their pill. So future earnings reports may exceed expectations, although product demand remains an uncertainty. But I don't see a 25% drop from here in Semis on organics alone.
NASDAQ:SMHLong
by UnknownUnicorn13101
TXN - Texas instruments (earnings)TXN is trading into resistance. A large wedge pattern has formed. Chopping from the low end to the high end is still favourable until you break out and confirm above. TXN has a history of strong performance on earnings so i does favour a beat however the question is has the market priced this in already? Based on the volume trends it looks like there is distribution occurring which could signal a sell after earnings even if the report is good.
NASDAQ:TXNShort
by Trading-Capital
2
$AMD Analysis, Key levels, and Targets $AMD Analysis, Key levels, and Targets It is time to just be prepared on all levels… I’m labelling this long because these are my levels were I will be accumulating… I don’t accumulate haphazardly, I have very specific levels… So even though I’m not doing anything right this moment, my levels are marked and ready to go…. These moves could have the potential to be really amazing and huge, but also really devastating if you don’t know what you’re doing or don’t have an ability to average down if necessary… I don’t have a position right now, but will post when I do… and it shouldn't be long because honestly this is starting to look really attractive here… IF you trade this let me know your thoughts…. I’m going through my entire stock list this week (definitely longer than a week) so sorry in advanced for blowing up your emails… This is where the opportunities are at, y’all… —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NASDAQ:AMDLong
by SPYder_QQQueen_Trading
2
SOXL / SMH - CREATING A BULLISH REVERSALBACKGROUND: SOXL (3x ETF) created a great reversal pattern back in JUNE - JULY 2022. It's tempting to ignore it because it ultimately failed on 8/26/22. Nonetheless, it was a great technical entry point when the price broke above $17. CURRENT PRICE ACTION: The reason I'm pointing out what happened in JUNE - JULY is because SOXL ETF is forming another BULLISH reversal (early stage) having just passed above last Friday's (9/30) high and entering back into the $9.50 - $10.50 range. The two previous reversals (8/26, 9/13) had failed. Yet the job of a trader is to not HOPE or PREDICT, but rather TRADE the signals and MANAGE RISK ACCORDINGLY . GAMEPLAN: I'm watching if the price closes above $10.35 (approx.) within the next few days. I'm anticipating some price action around this level. Any close above $10.35 can follow with some pullback. In fact this is a GREAT entry point for the bears if we were to follow trend alone. However, the reversal that happened from $9.50 and the bounce that's happening on the NASDAQ (potential double bottom) can signal a potential reversal in the market (short-term). There are two potential bullish reversal scenarios: 1. Straight up(rare) 2. Chop sideways and build a larger reversal base (as happened in JUNE - JULY) LOOK-OUT FOR: What comes out of the FED emergency meeting. As mentioned in my previous post on the status of the DOW JONES - I think the analysts at the FED see the same. The FED will either blink and change its' stance or the market is taking another big leg down... Be safe all and thank you for reading.
AMEX:SOXLLong
by andremkv
2
SMH - TECH Welfare @ $282 Billion / $25B Tax Credit PerNancy and the Gang anxiously await the Senates Taxpayer handout to the Industry. Po Nancy, $107 Million simply is not enough for her and Pablo the Shark Tank Drunk. Nancy had to gobble $341K in losses on NVDA after exiting her 25K Shares in a loss due to slime lights a shinning. Bravo, add 3 zeros and it's all good. Everyone should lose a hand. Preferably, a head. __________________________________________________________________________ They'll need to expedite this Grift Gift as China's warned off the Carrier Group as well as Fancy - show up and it's going to be "A Dangerous Moment"... Nancy risks our young men and women in the Navy with harm's way... Don't give it a second thought. Saddle up and please take the rest of the House and Senate with you. Create a Threat to National Security... Risk Lives, Profit from it as a matter of course. Shut up Hoi Polloi, we didn't ask you, we decide - you obey. ___________________________________________________________________________ The insiders in and outside the Beltway can't wait to get this Theft to the House and wrap it up for August recess. Qui Bono, you ask? Intel, TSMC, and Texas Instruments - direct Jing. Fabless chipmakers like Nvidia and AMD will not be left out in the cold. They will receive "Scientific Grants out of the $230 Billion in free money for "Innovation." It is quite likely the following Companies will join the Grift eventually: Micron Technology Inc. (MU) Amkor Technology Inc. (AMKR) Camtek Ltd. (CAMT) Analog Devices Inc. (ADI) Although these ladies doth protest too much, it's an irresistible deal... free money. We'll see $175B in Tax Credits gifted when everyone joins the Semi-Orgy. You and me - we get the Bill @ $457 Billion. Enjoy or do something. ps. - IMF: Russian economy doing better than expected
NASDAQ:SMH
by HK_L61
8
$SOXL Analysis, Key levels & Targets $SOXL Analysis, Key levels & Targets This, without a doubt has been one of the most exhausting positions I have on right now…. But that is the nature of 3x leveraged instruments…. I have 310 shares, with an average of 21.61 and I am 34.72% down. SO, for anyone that remembers this strategy from last year… the next add will be to double my position at 7.48. I don’t have the 7.48 order set yet, but I have alerts at $10 and once it hits 10 that order will be in… From here my sell target is 35.74 —> looking for a 65.39% profit…. And of course that target will change if the 7.48 double target triggers…. Looking at stupid Willy, there is still room and I can see a real possibility of 7.48 hitting… but it doesn’t have to…. Looking at some semi companies, a lot of them are looking to test their 200MA on the weekly, but also they are hooking upward at their weekly 180EMA so I’m comfortable with my position here. If you’re playing this one with me - now you know how insane my tolerance for volatility is…. Happy trading, y’all… On a side note: what's your favorite Semiconductor company? I trade AMD and ON, and I track NVDA —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
AMEX:SOXLLong
by SPYder_QQQueen_Trading
19
Bullish Near term to 558-590Expectation is bullish until end of May, then bearish in June to complete corrective wave. Some confluence here using Elliot Wave, Harmonic Patterns, and Gann: Primary EWT count gives recent completion of corrective A, next stop B. The details of this primary count are below: - Impulse began 9/24/2012 (not shown) at 31.17 - Wave 1 completed 3/12/2018 (not shown) at 234.88 - Wave 2 retraced 55% of wave 1 and completed 12/24/2018 (not shown) at 122.64 - Wave 3 was a 271% extension of wave 1 and completed 6/1/2021 (not shown) at 637.80 - Wave 4 retraced 25% of wave 3 and completed 10/18/2021 at 535.01 - Wave 5 was apprx = wave 1 (97%) and completed 1/3/2022 at ATH 731.85 - Wave A completed 4/25/2022 at 449.50 * Wave B will likely extend to 557.35 (0.382 of A), 590.68 (0.5 of A), or 624 (0.618 of A) ** Wave C will need an update given the realization of actual level for B, however, based on the confluence (provided below) it is likely wave C will complete around 416 (0.618 of A) coming off wave B at around 590 (Alt. ABC Count (not shown in chart) would indicate the ABC already completed at A = 466.06 on 3/14/2022, B = 574.79 on 3/28 2022, and C = 449.50 on 4/25/2022; however, the subdivision count for this alt wave C is not convincing and it is more likely that level is the A of the primary count) Confluence (supporting primary count): - Projected minor bearish harmonic to complete D at corrective wave B level - Projected major bullish Cypher (half shown, begins X in October 2021) will complete D at corrective wave C level - Descending Gann fan off the wave 5 (All time high) showing lessening capacity for price (change in price to downside) to keep up with time (i.e. 1/1 angle about to be penetrated in favor of testing the 2/1 resistance – which will suggest wave B occurring in the time frame of 5/13/2022 – early June 2022). The price would then likely drop to test the 1/1 angle by end of June 2022 to complete the C (if rejected at the 2/1, thus completing B) - Ascending Gann fan off the wave A swing low indicating price is staying in the upper section of fan and keeping up with time to the upside (exceeding it actually, which is bullish near term) - RSI showing bullish momentum to take the price to Wave B Not financial advice, but if you are curious how I am playing this: - May 20 505 calls, hedge with May 13 450 puts (3 calls: 1 put). Will take profits if RSI crosses bearish or if price reaches 550s - May 27 535 calls to let ride to potential wave B target of 590 - IF the near term bullish scenario plays out and those calls print I’ll be watching for price to drop below 507 and look to enter July 450 puts to play the drop to projected wave C in the lower 400s - Love this company, love how the LRCX calls and puts move. Ton of doe to be made leveraging these swings!! Sincerely, Severus Snape
NASDAQ:LRCX
by JerryManders
1