Technical analysis of the semiconductor sector via SOXX & the leading semiconductors stocks as well as the leading chip equipment & materials stocks providing both the near-term as well as the longer-term outlook for the sector as well as the leading semiconductor stocks. The following ETF & stocks are covered in this order: SOXX, ASML, AMAT, LRCX, KLAC, OLED, IPGP, TER, TSM, INTC, NVDA, TXN, QCOM & AVGO.
As a follow-up to the recent update on the SOXX / SOXS Active Short Trade, highlighting the objective short entry or add-on to that position as SOXX is currently backtesting the recently broken primary uptrend line from below, here's a few leading semiconductors stocks that help to support my case that the semiconductors are most likely poised for a substantial correction in the coming months. Any or all of these stocks could provide objective short entries but in keeping the official trade ideas manageable, for the time being I will leave SOXX / SOXS as the only official short trade idea [...]
The following video provides technical analysis of the semiconductor sector, making the case for a significant bear market in the coming months as well as my top picks for individual semiconductor stocks, including short entry points & price targets. The charts of the following ETFs & stocks are covered in this order: SOXX, SMH, INTC, TSM, QCOM, TXN, AVGO, NVDA, AMAT, NXPI, MU, LRCX, MCHP, SWKS, XLNX, MXIM, MRVL, MSCC, IDTI & ASML.
The following short trade ideas have either hit one or more profit targets and/or exceeded their maximum suggested stop & have been moved from the Active Trades category to the Completed Trades category, where all associated posts will be archived indefinitely for future reference. note: All of these trades were already highlighted in the trading room & in the recent Short Trade Ideas video updates. This is simply a final front page update to those trades with the calculated gain or loss percentage for tracking purposes. On a related note, I would like to add that the unusually high failure rate [...]
I received some positive feedback regarding update the trade ideas in video format & will look to publish video updates on the trade ideas on a regular basis going forward. This video covers all of the recent active trade ideas, some of which have just recently exceeded their suggested stops. The video also starts out by covering an unofficial trade idea, CARA (Care Therapeutics Inc) that was posted in the trading room earlier today. I also discuss my own preference to temporarily suspend stops on most of my positions due to the increased likelihood of those stops being clipped over the [...]
The following notes & chart outline the entry criteria, price targets, suggested stop & position size adjustment for a swing trade in AMAT, Applied Materials Inc.