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Leading Semiconductor Stocks Breaking Down

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 [...]

XSD Breakdown + Semiconductor Short Trade Setups

There's still a bit of work to be done to confirm breakdowns on SMH & SOXX although XSD gave up the ghost (so far) today with an impulsive breakdown below its bearish rising wedge pattern: XSD daily March 21st I believe there is enough evidence in the charts today to add any of [...]

Mar 21, 2017 2:19pm|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , , , , , , |Comments Off on XSD Breakdown + Semiconductor Short Trade Setups

INTC Breaks Trendline Support, SMH Sell Signal Still Pending

INTC (Intel Corp) has broken down below the uptrend line off the Aug 2015 lows, opening the door for a move down to at least the 33.50 support level, should the stock fail to regain & close back above that trendline soon. Still awaiting an impulsive break & close below this bearish rising wedge pattern [...]

Mar 13, 2017 11:24am|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , , , |Comments Off on INTC Breaks Trendline Support, SMH Sell Signal Still Pending

QQQ Top 10 Components Analysis (video)

This video begins with a brief overview of QQQ (Nasdaq 100 tracking ETF) followed by the near & long-term outlook, including some key supports, chart patterns & price targets, for the 10 largest components* of QQQ which alone account for over 50% of the returns of that market leading index. * I had mistakenly left [...]

Feb 22, 2017 11:55am|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , |3 Comments