QCOM Stop Hit for 3% Loss

QCOM (Qualcomm Inc) has exceeded the suggest stop of any move below 51.32 for a modest 2.8% loss with the stock trading down in sympathy with the semiconductor sector today following a disappointing earnings report and/or forward guidance from the industry leader, INTC (Intel Corp) after the closing bell last night. So far today, after [...]

Apr 28, 2017 11:03am|Categories: Completed Trades - Long|Tags: |2 Comments

Semiconductor Sector Analysis & Trade Ideas (video)

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, [...]

Semiconductors Rally Has Likely Ended

As an update to the recent SOXL (3x long semiconductor etf) short trade, I wanted to reiterate that the official stop remains any move above 31.00 and that it still appears to me that the semiconductor sector is poised for the next major leg down. The first chart below is the SMH (Market Vectors Semiconductor [...]

Oct 23, 2015 3:28pm|Categories: Equity Market Analysis|Tags: , , , , , , , |Comments Off on Semiconductors Rally Has Likely Ended

The Fireworks Will Likely Begin Next Week

Several of the key stocks covered in this week's video overview of the top 10 holdings in the Nasdaq 100 and the S&P 500 have officially broken down and closed below the bearish technical patterns and/or support levels that were discussed, with several others, such as TXN and BIDU shown below, poised to follow suit [...]

Sep 27, 2013 4:54pm|Categories: Equity Market Analysis|Tags: , , , , , , , |Comments Off on The Fireworks Will Likely Begin Next Week