While the S&P 500, Dow, and Nasdaq are making or nearing all-time highs, many components of the Philadelphia Semiconductor Index (SOX) have been selling off for months. Historically, these levels have been great buying opportunities, but I can’t help wondering if there are issues we don’t know about yet that are already priced in. I went shopping today and picked...
In this idea, I’ll be analyzing the Dow E-Mini Futures (YM) using a 4-hour bar interval. For those who don’t trade futures, you can follow along with Dow-focused ETFs like DIA. The goal is straightforward: gather as many clues as possible to determine the most likely market direction. Have a different take? Share your thoughts in the comments—let’s discuss! My...
Looking at the weekly chart of UnitedHealth Group (UNH), here’s the resistance area I’ve marked in red: 1.April 11, 2022: $555 area rejected, and the stock sells off to $448. 2.August 15, 2022: $555 area rejected, and the stock sells off to $490. 3.October 31, 2022: Briefly touches $558, then sells off to $448. 4.November 27, 2023: $555 area rejected, and the...
If you're bullish on the market and economy overall, Apple is firming right below the resistance area under its ATH set less than a month ago on October 21 closing at $236.48. That high was set despite a steady net distribution since July! As of last nights' close, Apple hasn’t given up much ground closing at $225. For sure big sellers are camped out around...
I don’t know much about MPWR, but I’ve been watching it closely. They have great business and their margins are solid. From April to August, the stock rocketed up 60%, only to drop spectacularly by 35% in a single month, giving up all its YTD gains. This is a highly volatile stock, so I’m keeping my position small. But the risk-reward here is undeniable, and I’ve...
I’ve been waiting for years to see KLA Corp pull back, and the opportunity has finally arrived. From a numbers standpoint, this company has an incredible track record—they haven’t missed earnings as far back as I can find, making it one of the strongest performers in its space. The recent hit across the semiconductor sector seems to stem from a dip in margins....
After losing money for years, Boeing's stock has recently broken below its 52-MONTH! exponential moving average (EMA), a significant technical indicator that often signals potential for further downside, possibly testing the $100 level. The company has been grappling with various challenges, including management missteps, quality control issues, and production...
ASML Holding is a critically important company in the semiconductor industry because its components are used in the production of most semiconductors globally. Their unique technology gives them a strong position in the market. Looking at the price action, the stock was trading around $700 back in April 2021 when the company had $5.25 billion in revenue and an EPS...
Japan's economy is in big trouble that will take a generation or two to fix. Yet, if you look at the big picture of Nikkei, it may appear that it took them 40 years to solve problems from previous generations. In reality, that is not the case and I think we will see a sea of corporate scandals hit the news. So let's wait and see)
Following its latest earnings release, JPM is consolidating tightly near its all-time highs, showing relative strength by holding steady even as the broader market pulls back. Notably, the price action is resisting the distribution marked by the red line on the RSI. It’s worth mentioning that the first time JPM hit $225 in August, it saw a sharp pullback to the...
It's a rare occasion when fundamentals and technicals align, and we might just have a compelling case here. Carvana stands out as one of the most heavily shorted stocks in the market. The company has been in the red for quite some time, and this quarter was no exception, with a loss of $1 per share, falling short of analysts' expectations on both EPS and revenue...
This may be a big one! TM has halted shipping of some models due to certification safety concerns, but no one knows how big those issues are. This is a highly speculative trade! Stop above $223 and I will update on profit target
$ 418 Low of May 2019 $1284 High of May 2022 $ 540 Low of April 2024 After massive floods in Europe, Asia, and now South America, wheat prices have taken off like a rocket. Commodities are not my specialty, but i have watched this one for years and it's been bought every pull back in the past 2 moths after it was sold every rally for the last 2 years. Even...
📈 Apple's Stock Analysis: Navigating the $180 Zone 📈 As Apple's stock hovers around the $180 mark, we're at a critical juncture with several key factors converging: - The stock is slightly above the rising 200-day EMA, indicating underlying strength. - It's positioned within a significant support zone, which previously served as a formidable resistance level. -...
SMCI cannot bounce, every time it gaps up, sellers push it down. It is not acting like it did on the way up.
ARM is back up to the major resistance area under $122-126. Stop $126 Target $99 Risk/Reward is 1 to 8
Dell has broken the $113 area. If we get a pullback in the S&P and Nadaq, it will try close the gap down at $95 area.
Nvidia, the leader that is pulling the whole market is off $100 from today's high. There are 15 stocks on the SOX whose earnings and revenues have decline since last year and they will get smoked. It's time to look at fundamentals and clean up the weak links.