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 […]
Is this the Top for Tech?
Two renowned Technicians made television appearances last week and warned about the bearish signals they were observing in the Technology Sector. After just a few trading days they’ve been proven right as the Technology SPDR ETF, $XLK is down almost 4% in the past three sessions. This call is no longer immediately actionable due to […]
Two Long Opportunities Brewing in Technology
Since the December 24th low and subsequent fierce rally, many investors have been caught off-guard. It is fair to say opinions and outlooks on the market couldn’t be more different. Some traders feel recent price action is a bear market rally while others believe we are heading back to all-time-highs. Regardless of your opinion, one […]
Ari Wald: Undercover Participation Leading the Market Recovery
Ari Wald, Head of Technical Analysis at Oppenheimer, was on Bloomberg’s ‘Smart Charts’ segment with Abigail Doolittle Wednesday afternoon discussing 3 key chart topics that indicate a positive sign for the markets, domestic and international, going forward. While there is still more work to do and resistance levels to get through, Ari believes investors need […]
