Technical analysis covering the near-term & longer-term outlook for the US stock market via QQQ, SPY as well SOXX (semicondutor ETF). Key trendlines & other support & resistance levels as well as potential price targets are highlighted as well.
SOXX (semiconductor sector ETF) continues to exhibit relative weakness by underperforming the broad market trading mostly flat now after fading over 100% of a nearly 1% rally shortly after the open today . Watching for a break below minor support around 167.70 for a possible catalyst for another leg down to test last week's lows.. [...]
Technical analysis on the stock market via QQQ along with SOXX (semiconductor ETF) followed by the outlook for the energy sector via crude oil & natural gas. Several trade ideas on indivudial stocks & ETFs are included at the end of the video. Note: Playback speed can be increased in the video settings to reduce [...]
SOXX (semiconductor ETF) backtesting the trendline from below with the 60-min trend indicators still bearish. Looking for a reversal soon, even if SOXX briefly punches above that TL & hits the 173.55 resistance level (first line above) before reversing). Previous & updated 60-minute charts: As per my comments on Wednesday when SOXX hit [...]
Technical analysis of the semiconductor sector via the ETFs SOXX & XSD as well as a handful of the leading semiconductor stocks.
Listed on the 15-minute chart below are my first two bounce targets for SOXX (Semiconductor ETF), in which I laid out the case for a likely reversal in this previous update posted earlier today. Based on the fact that SOXX as well as XSD are still trading about ½-2% above their primary uptrend lines on the [...]
SOXX (PHLX SOX Semiconductor Sector ETF) is now approaching the bottom of the price channel, which was my first target on the daily time frame as covered in the November 27th Semiconductor Sector Analysis video. The odds for a reaction on the initial tag of that trendline, which comes in around 163.35ish, are good but [...]