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	Comments on: Nasdaq 100 &#038; Semiconductor Sector Analysis 10-27-20	</title>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20456</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 28 Oct 2020 15:01:25 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=202965#comment-20456</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20453&quot;&gt;timboz&lt;/a&gt;.

Yes although the most objective short entry was on the impulsive breakdown on Oct 22nd. I wish I had looked at the stock just before that breakdown while I think it still has more downside (min. target around 232), a snapback rally to backfill today&#039;s gap would be a more objective entry, should that occur. Here&#039;s my daily chart. Thx for pointing it out.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20453">timboz</a>.</p>
<p>Yes although the most objective short entry was on the impulsive breakdown on Oct 22nd. I wish I had looked at the stock just before that breakdown while I think it still has more downside (min. target around 232), a snapback rally to backfill today&#8217;s gap would be a more objective entry, should that occur. Here&#8217;s my daily chart. Thx for pointing it out.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20454</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 28 Oct 2020 14:50:13 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20452&quot;&gt;becky&lt;/a&gt;.

I figured we might get a bounce off the 40.96 target on the daily chart but zooming down to the 60m chart, the recent &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; line breakout was anything BUT impulsive, with DKNG continuing lower as the positive divergences continue to build, increasing the odds for a snapback rally soon. With DKNG now hitting my 38.23 target on the daily chart with a brief momomentum-fueled overshoot, should the Q&#039;s bounce of my min. price target which was just hit, that could be the catalyst for a bounce in DKNG although I should add that there are quite a few big tech stocks breaking down today plus the semis continue to fall which is probably starting to be picked up on other trader&#039;s radars as a red flag by now. As such, I don&#039;t have strong convictions on a long in DNKG but I wouldn&#039;t short it at this time either... too oversold, at support, &amp; bullish divergences still intact on the 60m chart.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20452">becky</a>.</p>
<p>I figured we might get a bounce off the 40.96 target on the daily chart but zooming down to the 60m chart, the recent <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> line breakout was anything BUT impulsive, with DKNG continuing lower as the positive divergences continue to build, increasing the odds for a snapback rally soon. With DKNG now hitting my 38.23 target on the daily chart with a brief momomentum-fueled overshoot, should the Q&#8217;s bounce of my min. price target which was just hit, that could be the catalyst for a bounce in DKNG although I should add that there are quite a few big tech stocks breaking down today plus the semis continue to fall which is probably starting to be picked up on other trader&#8217;s radars as a red flag by now. As such, I don&#8217;t have strong convictions on a long in DNKG but I wouldn&#8217;t short it at this time either&#8230; too oversold, at support, &#038; bullish divergences still intact on the 60m chart.</p>
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		<title>
		By: timboz		</title>
		<link>https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20453</link>

		<dc:creator><![CDATA[timboz]]></dc:creator>
		<pubDate>Wed, 28 Oct 2020 13:35:56 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=202965#comment-20453</guid>

					<description><![CDATA[Fed Ex has to be a potential short right? marginal all time high at historically overbought levels, trend line break ... goes for the Dow Transports Index also - looks like failed breakouts to all time highs, big divergences on the DJT, trend line breaks ... Transports are supposed to be one of those canaries in the coal mines right?]]></description>
			<content:encoded><![CDATA[<p>Fed Ex has to be a potential short right? marginal all time high at historically overbought levels, trend line break &#8230; goes for the Dow Transports Index also &#8211; looks like failed breakouts to all time highs, big divergences on the DJT, trend line breaks &#8230; Transports are supposed to be one of those canaries in the coal mines right?</p>
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		<title>
		By: becky		</title>
		<link>https://rightsideofthechart.com/nasdaq-100-semiconductor-sector-analysis-10-27-20/#comment-20452</link>

		<dc:creator><![CDATA[becky]]></dc:creator>
		<pubDate>Wed, 28 Oct 2020 09:41:42 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=202965#comment-20452</guid>

					<description><![CDATA[&lt;a href=&#039;https://rightsideofthechart.com/members/rsotc/&#039; rel=&#039;nofollow&#039;&gt;&lt;/a&gt;&lt;a href=&#039;https://rightsideofthechart.com/members/rsotc/&#039; rel=&#039;nofollow&#039;&gt;&lt;/a&gt;&lt;a href=&#039;https://rightsideofthechart.com/members/rsotc/&#039; rel=&#039;nofollow&#039;&gt;&lt;a class=&#039;bp-suggestions-mention&#039; href=&#039;https://rightsideofthechart.com/members/rsotc/&#039; rel=&#039;nofollow&#039;&gt;@rsotc&lt;/a&gt;&lt;/a&gt; you have highlighted DKNG not that long ago, positive divergences didn&#039;t play out &#038; now it&#039;s cracking below $39, do you think it&#039;s objective short at this point? I can easily see it going to $30 support, this would be another 20% drop. Divergences are still in tact though.]]></description>
			<content:encoded><![CDATA[<p><a href='https://rightsideofthechart.com/members/rsotc/' rel='nofollow'></a><a href='https://rightsideofthechart.com/members/rsotc/' rel='nofollow'></a><a href='https://rightsideofthechart.com/members/rsotc/' rel='nofollow'>@rsotc</a> you have highlighted DKNG not that long ago, positive divergences didn&#8217;t play out &amp; now it&#8217;s cracking below $39, do you think it&#8217;s objective short at this point? I can easily see it going to $30 support, this would be another 20% drop. Divergences are still in tact though.</p>
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