APPS breaking out? Looking for APPS to break its 1.64 resistance. 50MA nicely acting as support (currently at 1.47). RSI in bullish territory.
Semiconductors
MU Long IdeaMu stock price is headed higher as it is breaking the trend line. General stock markets are heading higher after the correction. Pick and stock and hang on for the ride.
SOXL: Direxion Semiconductor Bull 3X Leverage ETF Overview This ETF is one of my favourites, with a very consistent return
Year to Date* 26.14%
1 Year 171.57%
3 Years 85.12%
5 Years 85.46%
10 Years --
Since Inception 44.61%
Has shown a positive return every quarter since Q315
Reuters Lipper Fund Research:
Total Return: 5
Consistent Return 5
Tax Expense 4
BETA= 4.16
Holdings: (Top ten. Yes, there is AMD)
Dreyfus Government Cash Management (Institutional)
Texas Instruments Inc ORD TXN
Intel Corp ORD INTC
Qualcomm Inc ORD QCOM
NVIDIA Corp ORD NVDA
Broadcom Ltd ORD AVGO
Analog Devices Inc ORD ADI
Microchip Technology Inc ORD MCHP
Taiwan Semiconductor Manufacturing Co Ltd DR TSM
Micron Technology Inc ORD MU
Asset Allocation
Equities 65.44%
Cash 10.61%
Fixed Income 12.15%
Other 11.80%
Micron's Strong RallyMicron updated guidance for Q2 and now expects revenue in the range of $7.2B to $7.35B from prior guidance of $6.8B to $7.2B and of consensus estimates of $7.02B. In addition, the company expects EPS in the range of $2.70 to $2.75 from prior guidance of $2.51 to $2.65 and consensus estimates of $2.57. The business couldn't be stronger and while recent volatility in the stock market had taken MU under $40 at Monday's close it looks to have made a double bottom. Looking for MU to continue to rally, however the market is in control here and a continued downward trend will derail the recent move.
$SOX looking very bearishMajor sell set up on the weekly in $SOX as previously posted this sector has been
extremely strong, now looks to be making a possible major top
MU - Is it just a meme?If you randomly picked a few readers of r/WallStreetBets, they'd probably tell you all about Micron (MU) & AMD and how they have fantastic potential. Focusing in on MU: is it going to live up to the hype?
From a technical analysis point of view, I'm inclined to agree! A very textbook flag/triangle pattern is forming - these patterns are generally trend continuation patterns. The semiconductor industry is booming. MU put together a very impressive sequence of earnings beats.
All in all, I believe we should see a breakout very soon!
Lam Research - Earnings trifecta but stock down?Lam Research (LRCX) delivered strongly in their Q4 earnings report, but the stock has since tumbled almost 10%.
The market for semiconductors is not going anywhere...
Target: give it to your grandchildren, or at least until processors using silicon fall out of favor.
SOXX and SOXL are also good ways to get some exposure to LRCX and the semiconductor market.
Semi's in major trouble$SOX is about to fail hard and all in it, major position is soxs and yes even short NVDA
MX MU AMD etc,
$SOX daily sell set uphigher price attempts with lower technicals = sell set up, if/when this drops below next major fib 61.8 on the RSI
expect lower values in the sector and lower prices in semi's across the board
SOXL (and TXN) at a discountSOXL is a 3x leveraged ETF, whose top 5 holdings are TXN, NVDA, QCOM, INTC, and AVGO. Earlier today, TXN endured a massive sell-off following their unimpressive earnings report, resulting in a hard drop in price for SOXL, as well. However, I don't expect TXN to stay down past this trading week, and when it rebounds, SOXL will be along for the ride. The semiconductors industry is red hot.
SOXL Semiconductors x3 ETF LONG - Earnings rally starts: ~%30..!JAN. Earnings rally is starting off with INTC.
Semiconductors are expected to beat estimated earnings.
Good R:R, keep your SL tight.
LRCX Showing Bullish Charts Leading into Earnings tonight Trend Analysis:
-->Looks to be breaking resistance at $215. Strong earnings will likely allow the price to break through.
-->Hit support early today around $208
Indicators & Overlays:
-->MACD looking to cross over close to 0
-->DMI+ looking to cross over DMI- in an upward trend
-->RSI showing resistance at 40 and moving upward back to the 80 range
MU buy opertunityThe lord and savior pitchfork presents a great buying opportunity before it is bound for a breakout within the week.
Micron Holding SupportMicron Technology (ticker: MU) is one of the largest manufacturers memory and storage solutions. The company is currently benefitting from a significant uptick in demand for its products and has seen an explosion in revenue and profits in recent quarters. Due to our technology loving society data usage, and therefore storage, has been growing off the chart. These are some massively bullish trends. Looking at the chart MU seems to be holding at its floor of support. Watch for the stock to rally back to its all time highs in the coming weeks.
A Breakout Above $13.31 Could Cause a Strong Move Higher - $AMDWatch for a breakout above the Blue Line $XSD $SMH $XLK $QQQ #Semiconductors #trading
AMAT at Long Term ResistanceAny new high should create a 3rd Monthly RSI diversion peak. Should be a struggle to break through. There was a reversal spike on the Daily chart for blowout earnings. Also, see a monthly chart of SOX and TXN for similarities.
NVDA: The cat with 9 livesIf this cat is dead I have 0 faith in being a bull...anywhere. $170s is a gift from the street that I will accept if/when extended to me. Otherwise I may miss out on the entry and fomo into the next pump on a hourly higher high and low.
Find good entry points - runaway stocks support/resistance lines#indicators #easy #trading $XSD $XLK $QQQ $SOXS $SOXL
AMD - May be ready for a bounce here @ $10.70. Fib support(.328)After being crushed the past few sessions, AMD looks like it has a chance to bounce off of fib support at 10.70. No position
LONG MU - MICRON ON 08/28/17 TECHNICAL SETUP FOR OVER 40 BY 09.20.2017 NASDAQ:MU
HUGE OPTIONS POSITION BEING BOUGHT FOR VARIOUS STRIKES
POSITIVE EARNINGS WITH POSITIVE FUTURE OUTLOOK
ROTATION IN SEMIS MIGHT TAKING PLACE
NASDAQ:AVGO IS ANOTHER PLAY ON THIS
SO IS NASDAQ:INTC
preview.ibb.co
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