$SMH: New highs for this leading industry group, Very Bullish Rating @chaikinanalytic If the semis are leading, it's hard to get bearish IMO pic.twitter.com/3GIj7YYYkS — Dan Russo, CMT (@DanRusso_CMT) December 16, 2019 Today’s Chart of the Day was shared on Twitter by Dan Russo of Chaikin Analytics (@DanRusso_CMT). It’s a daily bar chart of the […]
Chart of the Day – Tuesday, November 5th, 2019
pic.twitter.com/BH58COJVzX — Nautilus Research (@NautilusCap) November 5, 2019 Today’s Chart of the Day was shared on Twitter by Nautilus Research (@NautilusCap). It’s a collection of nine important charts to keep an eye on right now. From top left to bottom right, the charts are; the S&P 500 index, S&P 500 equal weight, Technology, Semiconductors, Industrials, […]
Evidence On Both Sides
If we were witnessing a real trial-by-jury (which, at the end of the day, is actually what the market is), I think it’d be safe to say that bears and bulls both have pretty solid evidence to put forth in their favor. Yes, there have been sub-industries that have done well and that we have […]
Chart of the Day – Friday, September 13th, 2019
Today’s Chart of the Day was shared on Twitter by David Zarling (@AdaptivCharts). It’s a weekly candlestick chart of Taiwan Semiconductor $TSM. In a report today, we highlighted the ongoing breakout in Semiconductor stocks. $TSM is the largest component in the popular Semiconductor ETF, $SMH. As you can see, $TSM is testing that key $45 […]
Chip Stocks Breaking Out!
Yesterday we discussed the improvement in Small-cap stocks and why it favors the bull case for US Equities. Another bullish technical development that deserves some attention here is the breakout in Semiconductor stocks. Semiconductors are found in almost anything tech-related. Therefore, they serve as a good leading indicator for the Technology sector, as well as […]
