Semiconductor Sector Analysis (video)

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.

Jan 26, 2018 12:30pm|Categories: Unofficial Short Ideas|Tags: , , , , , , , , , , , , , |0 Comments

QCOM Challenging Downtrend Line Resistance, Divergence Confirmed

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 place), as was discussed in the last update when the suggested stop was clipped on April 28th. As mentioned in that post, QCOM was posted as both a pure-play long swing trade as well as a hedge to a short position on the semiconductor sector. I [...]

May 3, 2017 3:22pm|Categories: Unofficial Long Ideas|Tags: |2 Comments

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 a brief & relative shallow run below the tightly placed stop, QCOM has hammered off the multi-year downtrend line generated off the July 2014 highs. Should the stock move even just modestly higher from here, it will have confirmed the large positive divergence on the indicators [...]

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