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Semiconductors

AMD ShortAMD 's RSI has been decreasing since 2016 December, and its price seems to have formed a head and shoulders pattern. It had some serious price drops with large volume after its left shoulder and head, breaking the 50 day moving average. After forming the right shoulder and undercutting the 50 MA, it showed a churning day ( high volume during the day, but no significant price progress), couldn't retake the moving average and continued with a definitive downward move. It found a significant support around the 9 level, which if it breaks, it could correct until the 6 level (-30%) since it is the next significant support. If it continues moving higher from the 9 support, the 50 day MA, the yellow trendline and the purple trendline are acting as resistance, which it would have to show significant volume upwards for the trend to change. As long as these levels hold, the trend is still downward.
NASDAQ:AMDShort
by BenedekBokor
7
Trade War is ON - Rough Week Ahead for Markets [TECH SECTOR]The Nasdaq-100 is about to have another day in the red. Around 3 am eastern, Nasdaq 100 e-Mini Futures began diving, erasing the minor gains made in the previous session. The futures tend to take big swings during open sessions which IMO means that cable news networks are gonna throw that index ticker up for the day. The drop also comes 5 hours before opening bell which means that futures could be trading even lower by then. The catalysts that'll be buzzing on the news networks: Trump Administration's official release on Monday of tariffs on Chinese Imports. The list is lengthy targeting all sorts of products and very specific at times, specifying that biscuit ovens are to be levied. While I am concerned about biscuits, the main focus is on industrials and tech. Semiconductor materials and other intermediate electronics parts are big targets that could have a big impact on the US markets. Not on the list are some apparel items, because sweatshop made t-shirts are too far apparently. We'll see how Nike and Under Armour fare. Quick retaliation by China. News broke overnight that China will target tariffs on US exports of equal value. Included items are more agricultural related items, Soybeans, Corn, etc. These goods are hard hitting to Trump's voter base. Also included are aerospace and car parts, not good for Boeing and Soybean Futures already dropped real quick. Overall, China does have the upper hand in this trade war, they have growing domestic demand for many American goods and the ability to undercut US companies by growing domestic ones. The US doesn't have that same luxury. Takeaways: These are just plans, an overseas mexican standoff, where both countries hold $50 bln (each) on the line. The goal of this trade war isn't to hurt industry, but to have a reason to beat our chests, rile up some voters, and to agree to fix some boring legal issues. So any short should be a SHORT TERM trade, at least at this stage. It's likely that we'll see new lows and the technicals could be different after this week. There are several, probably bullish, reports coming out this week so it'll be a volatile one. I'm personally looking at the Semiconductor Bearish ETF SOXS because it is the one of the crosshairs of this trade war and has the most to lose with their inflated P/E ratios and more sellers looking to take profits while they can. The tech blue chips also have bearish momentum already from a slew of news items, Amazon, Tesla, Facebook, Intel, and so on and so forth. Technicals: The 200 Daily MA (Yellow line) may be tested as well as the lower uptrend channel support. Breaking through these supports could be a sign of a longer correction. Yet at the same time they could converge to hold us up longer, but I'm not too confident on that scenario. Here's a look at how the e-Mini Futures played out overnight: Let me know your thoughts, if you agree or not and why, i'm curious. Give this post a like if you found it helpful! ~NY ***This is not financial advice in any form, do your own thinking***
TVC:NDQShort
by NYFinancials
3
PHLX SOX Index: Long term reversalWith heavyweight Intel getting hammered today, the outlook of the broader semiconductor index obviously gets dragged along. The already unconvincing outlook of the past months has taken a turn for the worst by breaking below cloud support at 1299. The minor internal trend line at 1272 is now scrutinized but a move lower seems a mere formality. Focus is on the reasonable support zone at 1211 at first. Below that a new primary down trend takes hold towards 1122 (daily projection) and probably a lot lower on a 6+ month horizon. After all, the current breakout means the start of a multi-month corrective phase with very substantial down side risks. Avoid any longs in the sector. New short-entries are justifiable as long as prices hold below ~1345 over the next weeks. Near term trend: negative Long term trend: neutral Outlook: long-term reversal expected Strategy: avoid/exit-long or trading short-entry Support: 1272 / 1211 / 1122* Resistance: 1345 / 1360+ Outlook cancelled/neutralized above 1345
TVC:SOXShort
by buyem_nl
ON Semiconductor Corp LONGLong from $22.70 Market Cap - $10.41B ROE - 21.88% Projected Sales Growth - 2.38% - On has seen a strength in demand across most end markets as shown in its bookings trend over the last four quarters. Distributor inventories increased in the last quarters and re-sales remain strong. - Their automotive segment is a strong growth driver – share gains, unit growth, attractive product offerings, contributes to revenues. - They are very active in M&A. the companies acquisitions of AMI semiconductor, CMOS image sensor business unit, Analog Devices power PC controller business, CMD, Catalyst, SANYO Semiconductor and Sound Design gave it a new scope of technical capabilities. Some products and higher margin products expose to new markets and greater product range. The acquisition of Fairchild’s semiconductor international makes it the leader in the power semiconductor industry helping them diversify across a huge range of markets with a main focus on smart phones, automotive and industrial end markets. ON has successfully managed to integrate big acquisitions like AMI semiconductors in the past so it shouldn’t have any problems with the integration of Fairchild. Management expects the Fairchild acquisition to be an immediate boost to non GAAP earnings and free cash flow. Annual cost savings of at least $150m are expected within 18 months. - ON has a very well diversified business and the company looks to generate a significant percentage of revenues from each sector it is involved in. With this diversification it smooths over the impact of seasonality resulting in balanced growth throughout the year. - Main risks would be the 12 month P/E ratio of 21.09 vs industry average of 16.63 and its significant debt burden NeroTree Capital rates ON Semiconductor Corp as a BUY with a price target of $30 in the next 52w.
NASDAQ:ONLong
by UnknownUnicorn2415222
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%
AMEX:SOXL
by UnknownUnicorn2421992
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.
NASDAQ:MULong
by gthom9
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!
NASDAQ:MULong
by dvdgege5
1
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.
NASDAQ:MULong
by gthom9
2