QCOM (Qualcomm Inc) has rallied today & is currently challenging the top of this blue bullish falling wedge pattern / downtrend line. Note that the positive divergences that were highlighted as potential when the long entry was posted have now been confirmed via a bullish crossover on the PPO (thereby putting a higher low in [...]
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 [...]
The following notes & charts outline the entry criterion, price targets, suggested stop & beta-adjustment for a swing trade in QCOM, Qualcomm Inc.
Detailed technical analysis on the semiconductor sector via the ETFs; SMH, XSD & SOXX as well as several of the largest semiconductor stocks, including critical support levels/sell signals & price targets.
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, [...]
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 [...]
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 [...]