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Semiconductor Sector Analysis (video)

Technical analysis of the semiconductor sector via ETFs and several leading semiconductor stocks providing the near-term & longer-term outlook for the sector.

Playback speed can be increased in the settings (1.25x or 1.5x) to reduce the duration of the video

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2018-02-28T16:36:09+00:00Jan 24, 2018 12:34pm|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , , , , , , , , |2 Comments

2 Comments

  1. natdicarlo January 24, 2018 4:47 pm at 4:47 pm

    Thank you Randy. Very helpful as usual and hopefully we get the desired result. I see after hours some positive earnings reaction on LRCX and XLNX…this sector is relentless!!!

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    • rsotc January 25, 2018 8:35 am at 8:35 am

      Yes, LRCX & XLNX so far indicated to gap up following earnings last night. However, SOXX only indicated for a relatively small (1.2%) gap up as of 8:28am ET which would only recoup just over 1/2 of yesterday’s losses.
      The combined market cap of both LRCX & XLNX isn’t even half of TXN which was down 8.5% yesterday in the wake of their earnings. We’ll just have to continue to monitor the rest of the big semis (TSM, INTC, NVDA, AVGO, QCOM, etc..), focusing on not so much the initial reaction to their earnings & guidance but the reaction that sticks, which usually takes several days to a week or so before the market has had time to fully digest & react. As of yesterday, we have an impulsive rejection off the mid-point of the price channel on SOXX. Ideally (for the short trade), it would be preferable for SOXX to remain below Tuesday’s lows.

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