Hard to be bearish when bellwether group semiconductors continues to make new highs with RSI firmly in the bullish range. $SMH $SOX $SOXX pic.twitter.com/nZZOg4F6lv — David Keller, CMT (@DKellerCMT) August 26, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a daily bar chart of the Semiconductor ETF ($SMH) […]
Chart of the Day – Friday, July 24th, 2020
Revenge of the textbook ?? $TSM pic.twitter.com/YhEHatVXMi — Arun S. Chopra CFA CMT? (@FusionptCapital) July 24, 2020 Today’s Chart of the Day was shared on Twitter by Arun Chopra (@FusionptCapital). It’s a chart of the largest component in the Semiconductor index – Taiwan Semiconductor, $TSM. As Arun points out, this chart belongs in the textbooks, because […]
Chart of the Day – Monday, December 16th, 2019
$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 […]