NVDA just had a bearish crossover of the 20 & 50 MA (Daily chart) Last time we saw this bearish moving average formation was in early August. NVDA proceeded to fall sharply in the coming days. All eyes on the market leader. All eyes on the QQQ. Will the Q’s be the demise of SPY? If Nvidia sees anymore weakness you can be sure it will have other semis...
NASDAQ:AMD looks to be developing a “W” formation, similar to a double bottom. There are quite a few of these formations on charts especially in the “Semis.” AMD stands out to me and looks to have a measured move from the breakout point (top of middle of “W” measured an equal move higher, see chart). The breakout looks to me to be $157.82 for a possible entry....
SMH rallied to key resistance and failed to break through. Gapped down next trading day. Looking to make another attempt at the resistance. SMH gapped down with volume after failing to break through started to recover as smart money took over in later day trading RSI is now below its SMA smoothing line If this pattern holds trying to break through we...
SMH experienced a significant rally and now showing signs of weakness and a potential reversal coming. experienced a short lived false breakout back in Aug 22 We are now back in breakout zone again this time with more candles indicating more bulls coming in than last breakout RSI is now trending flat as price continues to rise, signs of rsi divergence...
SMH has rallied nicely the past 2 days and now reached major downward resistance level again. This is a crucial area for SMH to break in order for more rallying to continue Resistance defined well during late August ETF now presses up against resistance again Volume declines as resistance is reached. Overall I am expecting a reversal to start forming...
SMH failed to make new highs after the last rally and now forming downward trend At the peak of July 10 we have seen a continued decline in SMH overall Latest rally peaked in August 21 coming in much lower than July 10 As SMH gradually sold off it also helped form a strong resistance line painting a long term grim picture We are in late cycle investing...
Comments: Third highest 30-day IV (46.1%) on my options highly liquid ETF board behind BITO and TQQQ. There are two different aspects to this trade, the first being the 220 monied covered call with the short call at the -75 delta. I had to route this as two separate trades and got filled for covered call aspect for a 213.35 debit. The same strike short put is...
SMCI has lagged NVDA and many other semis. Were now approaching a critical area...its make or break! positive Daily divergence provides some hopes that were close to a near term bounce however after today semiconductor selloff the whole complex was shattered. The fact that SMCI remained green while NVDA was down 10% should be a small win in itself... The...
NASDAQ:AVGO is on watch to confirm the daily 10 SMA ahead of its earnings this week, which are on Thursday at 4:15 PM EDT. Many names in the NASDAQ:NDX are heading into this week just below the daily 10 SMA, including NASDAQ:META NASDAQ:TSLA and the semiconductor ETF NASDAQ:SMH If these names are able to build above Friday's high, they have space to...
SMH experiences a false breakout and tries to sustain it for a few periods with increased volume SMH experiences first false breakout above Tries to hold higher levels outside resistance Increased volume is accompanied with this breakout This gives a signal that bear drawdown has weakness in it and bulls maybe taking over soon.
SMH indicators, EMA crossover, and stock throws mixed signals EMA remains below its SMA line RSI breaks slightly above its SMA stock price remains firmly inside lower resistance line SMH is rather prone to false breakouts. So the RSI breakout above could be a fake out for sure. Prefer to wait for extra confirmation of new direction with SMH before...
NASDAQ:SMCI broke the tight daily consolidation to the downside today, confirming a short entry at $600 after losing daily demand. I will keep it on watch tomorrow with any weakness in NASDAQ:SMH and NASDAQ:QQQ for a potential continuation play down to the next daily demand.
SMH starts showing direction as to where it is going... down. 3 separate points paint a clear downward resistance trend line rejected hammer candle gave way for more selling RSI still continues to trend down on multiple timeframes SMH is starting to show signs of downward trend forming Putting on a small put position to close in mid October. May...
SMH rally is showing weakness in multiple places for first time. EMA crosses below SMA for first time since rally started RSI shows signs of price divergence by trending down while price makes higher highs. This is more cautionary at this point and keep in mind. I wouldn't add to any bullish positions but instead tighten stop losses and seek to start...
This trade is purely psychological revenge... Long AAPL and TSLA, short NVDA haha NVIDIA's (NVDA) Stock Expected to Plummet to $82 Post Q2 Earnings 1. Overestimated AI Chip Demand 2. Data Center Growth Slowing Down 3. Vulnerabilities in the Gaming Sector 5. Product Innovation Fatigue 6. Supply Chain Vulnerabilities
SMH today has formed a resistance line impeding it from continuing its rally We want to see SMH break through this line and hold before making any more entries Expect to see a small bounce after breaking through before continuing the rally upward
SMH rallied to new highs today and into higher trading area which originally appeared to be very overbought 1 hour interval shows both 10 and 20 RSI levels in overbought territory 2 hour interval shows 20 RSI having more room to grow. initially exited riskiest positions figuring on this new high being way outside the bounds of normal This is now looking...
Today was an important day for semi conductors. In order to solidify a bullish pivot it needed to remain above a key support level. SMH held above key support lack luster moves across the market indicated indecision and caution amongst traders about the future being bullish or bearish This could mark the sign of a turn around to the upside longer term ...