Technical & swing trading ideas on various stocks, indices, & sectors.

YouTube link: https://youtu.be/V1Fm9R2ynQY

In this late-session market update for Wednesday, July 15, 2026, Randy Phinney of Right Side of the Chart discusses a market currently defined by a two-month-long sideways trading range and aggressive sector rotation. While the major indices like the Nasdaq 100 remain stalled, Phinney highlights a significant divergence where “Mag 8” mega-cap tech stocks are rallying while the semiconductor sector faces selling pressure. He reviews several active trade ideas, emphasizing the importance of patience and adhering to technical support levels in a volatile environment.

Market Indexes & Sector ETFs

  • 22:42 Invesco QQQ Trust (QQQ): The Nasdaq 100 has been in a “sideways slog” for exactly two months. Phinney notes that while the index is flat, internal rotation is quite rapid, with big tech currently propping up the index today while the semiconductors are trading sharply lower.

  • 06:25 Semiconductor Bear 3X Shares (SOXS): Phinney discusses the 10-to-1 reverse split and provides updated price targets for this leveraged inverse ETF as the semiconductor sector hits a consolidation phase.

  • 14:51 VanEck Gold Miners ETF (GDX): Still trading at key support. Phinney identifies a bullish falling wedge pattern with positive divergence, suggesting a potential long entry or continued scale-in to a swing position.

  • 43:21 Health Care Select Sector SPDR Fund (XLV): The sector is showing a “failed breakout” from a triple top. Phinney highlights an “island reversal” candle, which is a bearish technical signal.

Individual Securities Covered

  • 02:47 Oracle Corp (ORCL): Phinney identifies ORCL at a key support/buy zone. He notes that the stock previously saw an 82% bounce from similar levels and is currently testing its long-term uptrend line from 2020.

  • 08:16 Taiwan Semiconductor (TSM): The stock is currently “dancing” on a BOD (benefit of the doubt) support level. A hard close below this would trigger a sell signal.

  • 09:08 Broadcom Inc (AVGO): Recently bounced off its 200-day moving average. Phinney is watching for a break below $1359.50 to signal further downside.

  • 09:21 Micron Technology (MU): Phinney notes support between 897–900, with a more significant target at $825. The chart shows a potential head-and-shoulders as well as a bearish rising wedge pattern.

  • 11:07 AMD (AMD): Moving sideways and catching support. It needs to hold the $501 level to avoid a breakdown toward $465.

  • 11:35 ASML Holding (ASML): Phinney identifies ASML as an objective short on the recent trendline breakdown and backtest.

  • 12:49 Intel Corp (INTC): After a failed breakout and sell signal, the stock is riding down to the bottom of its trading range near $99.59.

  • 18:21 SPDR Gold Shares (GLD): Following a parabolic “buying climax,” gold is holding support. Phinney warns that a breakdown could be a “bear trap” if it recovers quickly, but notes a lack of support below current levels.

  • 27:41 Progressive Corp (PGR): This was a completed long trade that hit its third target. Phinney notes the sector is now seeing significant profit-taking.

  • 30:59 Ryan Specialty Holdings (RYAN): A successful counter-trend long trade that yielded a 35% profit. Phinney remains cautious as the stock stays below its 200-day moving average.

  • 39:27 Eli Lilly & Co (LLY): Currently coming off a divergent high. Phinney suggests the stock may be at or near the end of its run.

  • 40:15 Johnson & Johnson (JNJ): Showing negative divergence and pulling back to its previous breakout level at $220.44.

  • 42:18 CrowdStrike Holdings (CRWD): Phinney highlights a “beautiful” bearish rising wedge. He is watching for a break below the trendline to trigger a new short trade.

  • 43:55 Analog Devices (ADI): Trading at a divergent high; Phinney is monitoring the PPO signal line for a potential breakdown.

  • 45:02 Western Digital (WDC): Sitting right on an uptrend line; a move below would be a sell signal.

  • 45:07 Seagate Technology (STX): Recently put in a divergent high and is being monitored for a reversal.

  • 45:34 Shopify Inc (SHOP): An active short trade that hit three targets. Phinney views the current bounce as a counter-trend move back to the 200-day moving average.

Ticker Symbols Discussed:
ORCL, SOXS, TSM, AVGO, MU, AMD, ASML, INTC, GDX, GLD, QQQ, PGR, RYAN, XLV, LLY, JNJ, UNH, CRWD, ADI, WDC, STX, SHOP