$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 […]
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 […]
Chips Ahoy!
One particular area of the market that has gotten a lot of attention in the last 24 hours is Semiconductors. And as we know, strength from this group – both relative and absolute – is considered to give a bullish tone to the overall equities market. In fact, some have argued that Semiconductors are one […]
