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Semiconductors

Why I'm ignoring technical chart and buying SOXL after hoursTrading View's technical chart is flashing a sell signal for SOXL, but my proprietary algorithm is saying buy. These indicators are flashing strong buy: Slope of the Hull moving average Previous day's change Difference between 20-day exponential moving average and 20-day simple moving average These indicators are flashing a weak sell: 20-day simple moving average slope Distance from Hull moving average This indicator is flashing a fairly strong sell: *Distance from 20-day exponential moving average My proprietary algorithm aside, there's also seasonality to consider. Today is a "bear day" according to the Stock Trader's Almanac, meaning that on this date the market historically has fallen more than 60% of the time. However, the next week and a half have historically been bullish. So historical patterns suggest that today's decline was an anomaly and that the market will rally tomorrow or Friday. As always, this is just an idea about how the market may move, not investment advice.
AMEX:SOXLLong
by ChristopherCarrollSmith
AMD Short setup $29.8 to $26ish. Fib/Horiz resistanceSide note, The magnitude of the bounce the US economy has had since the bottom in DEcember has been insane and unprecidented. I've never seen a bottom not get tested and just fly up vertically. Especially with poor GDP estimates and economic outlook data. I was pretty heavily short back in Feb, so that hurt a bit, but all you can do is learn from your mistakes and keep moving. This is a self explanatory chart again. We're at the 0.786 fib retracement, and we're at a previous point of resistance from September 05 2018 at $29.94. We just went up almost 12% today, and it looks like a good time to pullback a bit in the next week. My stoploss is $31.
NASDAQ:AMDShort
by teckno05
1
Swing trade YANGAfter Trumps tweet of raising tariffs, China's market is temporarily crashing. YANG is a China Direxion Bear X3 ETF. The index is having great gains. I expect it to reverse on Friday 10th / Monday 13th. Analysts still expect the trade to happen between China and USA. At this point consider buying YINN (China Bull X3 ETF). Other X3 ETF's to consider: SOXS (Semiconductors Direxion Bear) is on the same path. --------------------------------------------------------------------- Information An exchange-traded fund, or ETF, is an investment product representing a basket of securities that track an index such as the Standard & Poor's 500 Index. ETFs, which are available to individual investors only through brokers and advisers, trade like stocks on an exchange. Direxion Shares and Ultra ProShares are leveraged Exchange-Traded Funds (ETFs) designed to seek daily investment results, before fees and expenses, of 300% / 3x of the performance (or 300% / 3x of the inverse of the performance, in the case of a bear fund), of the benchmark index that they track. There is no guarantee that the funds will achieve their objective. --------------------------------------------------------------------- Caution There can be A LOT of volatility trading these Indexes. ALWAYS use stop-loss orders, as well as price target sell-offs. Happy trading! PS: For a list of all 3X ETF's. Go to: 3XETF dot-com
AMEX:YANGLong
by dorfmanmaster
SOX - A Tale of Three ChannelsPretty clear long term channels dating back to 2000 and 2003. Plus a steeper near term growth channel has formed between two uptrend lines, confirmed with multiple touches. Looking for SOX to step up into new highs and for much of the past resistance to become support. (1) - Looks as though this move down may have already occurred this week and we found some decent support at the old resistance Downtrend line. (2) - Looking for a move higher and possibly a fake break above the Growth Channel. (3) - Pull back to and retest of the 2018 ATH (4) - If we reach these levels we would be looking for some confirmation by either moving higher within the Growth Channel or a break above. (5) - Probably a good chance of testing lower after these levels. Probably a return to lower Growth Channel band. Time Frame: 1-6 Months
NASDAQ:SOXLong
by IAmCommodore
Nvidia Bull Consolidates Before Run Continues Prior to trade talk resumes, Nvidia is seen here to be expected to consolidate further before it bulls run. US Recession signals are still being digested by the market as 3 month and 10 year yield curve inversion leads to global equity sell off. US Tech industry is expected to further consolidate as markets anticipate the outcome of trade talk. Trade talks have proven to be unpredictable due to Trump eccentric stance. Trump has been giving positive expectation while actual negotiator Robert has announced "more work to do" previously. Trade war can move both way and markets are not expected to turn optimistic and bullish too early before clear signals by officials.. Ascending triangle is seen forming. Equity broke triangle range due to positive company news "of Mellanox Acquisition and Clearance of Crypto Hardware Inventory". Sentiments retreat will lead to the equity to consolidate further before further run. Strong support line is expected to cushion the consolidation before bull continues. Good luck!
NASDAQ:NVDALong
by Iapiew
LASR -LONG base consolidationMaking new highs and higher lows. Nice consolidation along base. Earnings winner. Moving averages splitting open. MACD up. Double bottom. Volatility factor slightly rising, and quietly trending after earnings. Positive fundamentals. I like so many things about this one! Using 10% stop loss from entry for future to better track my results, which is near swing low $19.91 0.2% capital risk Also considering re-entry on $VG after seeing rejection of sell off @ earnings report, watching for now.
NASDAQ:LASRLong
by KAS109
AMD Short - Support Turned Resistance The AMD chart has a few key things that caught my attention and I figured was worth sharing. Charting a fibonacci retracement from our absolute peak in September 2018, and the subsequent October 30th and December 26th lows, we can see some key levels for AMD stock. We can clearly see that AMD has strong support in the $16-17 price range, with the two reversals which were staged then. Both of those recoveries met strong resistance at the $20 level, which happens to be the 78.6% mark off of the $34 high AMD saw. Since then we have seen AMD break the $20 resistance and move up to tap $25 on January 31st. Previously $25 seemed to provide support for the stock, when AMD fell off of its September highs it stopped at that price level, a 50% retracement, and then it continued upwards meeting resistance at the 38.2% line (~$27). We can now see that 50% retracement point as resistance to AMD's momentum after a 2nd rejection that just occurred in the past two days. There are several factors at play encouraging my short position on the stock for this short time period. Long term I can see myself turning bullish on AMD with a good trade deal and some strong signals that economic growth isn't stagnant. Short term, and I mean immediate short term, I don't expect it to impact the next week or two. It could lead to a bump, which could be magnified in semis given their production relationships with that region, but I would go so far as to argue that the market expects a deal to be made at this point with the recent rally and also considering that the White House's announcements regarding trade this week have all been very positive. Since Trump has already announced delaying the tariffs that catalyst should be absorbed by now, he noted that they will "probably" meet later next month. I don't see many other bullish catalysts for this stock following the rejection off that new resistance point, I say this because they have already revealed product lines, they don't report earnings for a bit, some more recent large partnerships are already announced and I am thinking trade may have a muted upside for the near-term. I do, however, see more bearish catalysts for this very narrow period. While a more dovish fed came across with Powell's speech, the underlying message was not positive. Yes, the market doesn't like the Fed raising rates, but it is concerning that the Fed doesn't feel like economic growth is strong enough to continue on the path or raising rates to more "normal" territory (hard to say what normal is there anymore). If the market ends up responding more poorly to this, then I think it is fair to say we'd see AMD get dragged down with the broad market. Not to mention that from a more macro perspective we've already busted our nut with the TCJA and corporate tax rate cuts. As I've already noted that I don't think we will see another trade deal announcement this week or next lends to little upside there, but if we see issues with a trade deal at any point in the near future that would definitely be quite an interesting catalyst (I don't think this is likely, still fun to ponder though). Back to the more technical side. With $25 looking like new resistance, declining volume and a lack of near term bullish catalysts, I expect AMD to make it's next move downwards to at least a $23 support point. If AMD cannot hold $23 then I would expect it to continue down to where the moving averages are converging (~$21 level). Based on this assessment I will be taking the following positions: AMD Puts $25 Strike Expiring 3/1, AMD Puts $24.5 Strike Expiring 3/8, AMD Puts $22 Strike Expiring 3/16. I am not your financial advisor, you are responsible for your own trading activity. Happy trading!
NASDAQ:AMDShort
by Captainsmugglebutt
11