Short SOXX (Semis has a lot more pain ahead)Short semis more for the pull back if there are any. At least 20-40% more downside ahead before really buying the dip.
SOXX
Micron Tech does not look pretty$NVDA broke down last week. Here is also a chart of $MU. If its here or lower then first target is at $33 or 20% lower from here, but I wouldn't exclude a correction to $27 or -33% from here!
SOXX bottom signalsPotential bottoms detected using Bottom Finder script, contact me if you want to subscribe.
amd winding up like a spring?$amd $soxx $soxl $soxs $nvda
I'd love to see AMD back at 9.70-9.90 for the ride back up. Has been a beautiful symmetrical/descending triangle. If it breaks out above in coming weeks/months, expect the price up to 17-19.. before descent back to test breakout level of sym. triangle.
Lam Research - Earnings trifecta but stock down?Lam Research (LRCX) delivered strongly in their Q4 earnings report, but the stock has since tumbled almost 10%.
The market for semiconductors is not going anywhere...
Target: give it to your grandchildren, or at least until processors using silicon fall out of favor.
SOXX and SOXL are also good ways to get some exposure to LRCX and the semiconductor market.
AMD: Potential bullish Bat formationcompletion at 10.12 although due to the overwhelming selling pressure I will play this one with careful. Preferable buy near 200MA (9.75) but I'm happy buyer near 10...will see it opens tomorrow.
$SOXX - Mountain TopEntered my 1st pos short via $SOXS - One of the hottest sectors this year since the Feb 2016 lows.
Broke outBroke out of wedge. Now forming bullish ascending triangle w/ BO at 65.19, will then go to 70
SOXX: UPDATE on "Just another -Semiconductor-short trade Reached first support/demand zone, after kissed good buy the lower boundary of the wedge. Q's also at support/demand zone
