Early earnings blowouts point higher for semiconductorsWe've now had a blowout earnings report from $MU, in which EPS beat by 11%, sales by 3%, and guidance by 24%(!). We also got guidance from XLNX yesterday that suggested its revenue will be about 5% higher than previously expected, above the high end of its previous range. This suggests that analysts are underestimating the sector's performance as we head into Q2 earnings season in mid-July. It also suggests that semiconductors will have far more forward visibility than most sectors, with 100% of companies so far providing guidance.
Semiconductors usually are one of the strongest sectors on earnings, beating estimates at a much higher-than-average rate. Amidst the pandemic, there's been strong demand for mobile, home computing, and datacenter usage due to people working from home, so the sector has performed well. Granted, these stocks mostly aren't cheap; but investors are paying premiums for a reason. I expect the sector will outperform through the end of July.
Those who've been following my posts know that my positioning is mostly defensive: I'm heavy on utilities and consumer staples. Semiconductors have the virtue of being a bit defensive, in that they're relatively insulated against pandemic impact, while also having extraordinarily high growth potential. Historically, SOXX has considerably outperformed the S&P 500.
Technology
Inphi Corporation (IPHI) short.All description on the chart.
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NeoPhotonics Corporation (NPTN) short.All description on the chart.
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The KLCI almost tracks in parallel to the S&P to the fit!Instead of using the DJ Index to correlate to the KLCI, I now use the SPX, Standard and Poor Index to forecast next day market performance.
I also use such indexes, in this case, the NASDAQ to learn what sector/Industry would be my Thematic Trend!
Malaysia is fortunate to be a significant semicon manufacturer player comparable to Taiwan, Japan, Korea and now, China a minted player but still needed to import its consumption demand from it neighbouring Asian manufacturer. The Chart do show Technology might be the next wave to play.
Akoustis Tech starting a solid uptrend after sym. triangleHello Traders!
The price of Akoustis Tech. recently broke out of a symmetrical triangle pattern bullishly. The 50 SMA crossing over the other MAs with high momentum and the MACD crossing over the 9 EMA are strong bullish signals. The RSI is a good bit away from being oversold, so nothing speaks against the beginning of a strong uptrend. I suspect the 200 SMA to reassume its role as a reliable support/resistance like it did in the past, so make sure to go for a long the next time the price comes close to the 200 SMA!
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
Nasdaq sell Nasdaq has created an all time high, but with the US not taking Coronavirus lightly and with the BLM protests and Trade war in place all fundamental news - with this, technology stocks have seen incredible growth but has the growth paused or now come to an end and needs retracing?
What can we see technically?
- Daily bearish but breaking momentum short has now broken 10,000 level.
- Monthly supply has now formed with all time record high.
- bounce from the demand zone to create a new high.
- We have a strong weekly rejection candle
- we had some good indecision candles on the daily
Where to enter?
Follow your plan
we entered at 10053 as we could see these zones lining up with our analysis
we have further sell limits at 10,350
All trades risk free
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
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Falling star candlestick suggests QQQ may pull backThe technology-heavy Nasdaq index has been greatly outperforming the S&P 500, as investors flee to the relative safe haven of technology stocks. However, tech stocks have gotten fairly expensive, and it's hard to see more investors piling into companies like Apple or Microsoft as these companies close their retail locations. I think tech will continue to outperform other sectors like banks, travel, and energy, but it's still probably due a good 10% pullback from here. In terms of technicals, we got a falling star candlestick on the weekly chart and what looks like a fairly large bearish divergence. The daily chart also shows bear divergence:
Tech might return to strength during the mid-July earnings season. Tech companies tend to outperform analyst earnings expectations, and early guidance has so far looked good. Meanwhile, there could be slaughter in other sectors as companies loaded with debt offer weak guidance for the year ahead. Thus, I will treat a Nasdaq pullback in the next two weeks as an opportunity to buy into earnings season. I'll probably focus on some tech sector-specific ETFs like SOXX and EWCO.
Lumentum Hldngs $LITE$LITE was on move yesterday and may attack upward. watch for break outs. It is safe to be long when it gets above $80.18
12 months Consensus Price Target: $90.44
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Recent IPO + hot sector! Quiet period ending Jun 30thIndependent payment processing and financial technology company
Lead:Citigroup, Credit Suisse, Goldman Sachs
Co manager: BofA Securities, Morgan Stanley, RBC Capital Markets, Evercore ISI, Raymond James, Suntrust Robinson Humphrey, Wolfe Capital, TD Securities, Telsey Advisory Group
$DELL can rise in the next daysContextual immersion trading strategy idea.
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $53,08;
stop-loss — $51,71.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Sell Short: Aspen Technology Inc AZPN Technology SoftwareSell Short: Aspen Technology Inc - Ticker: AZPN - Sector: Technology Industry: Software—Application
Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts
Sell Entry: 104.90 to 103.23
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
$AZPN #aspentechnology $HON #honeywell $SAP #sap $ABB #abb $ROK #rockwellautomation #technology #stocks #stockmarket #wallstreet #nyse #sp500 #nasdaq #investing #investors #trading #traders #markets #speculating #economy #finance
$PCTI can rise in the next daysContextual immersion trading strategy idea.
PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas.
The share price rose after the company had been added to the Zacks Rank #1 (Strong Buy) On Jul 19 — finance.yahoo.com
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $7,26;
stop-loss — $6,80.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
PURE STORAGE $PSTG$PSTG is still below the trend and very close to brekout. Yesterday's volume was above the average and broke 20SMA (red) out . Needs to get above $18.08 to be long.
12 months Consensus Price Target: $20.10
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
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Buy Long: Fortinet Inc - Technology Software InfrastructureBuy Long: Fortinet Inc - Ticker: FTNT - Sector: Technology Industry: Software—Infrastructure
Go to the Invest2Success Advisory Page and Also for USA Asia Financial Forecasts
Buy Entry: 136.58 to 144.25
Stop-Loss: Available to Subscribers
Take Profit Price Targets: Available to Subscribers
NASDAQ:FTNT
NASDAQ:CSCO
NASDAQ:CHKP
NYSE:PANW
NYSE:JNPR
NASDAQ:MSFT
$FTNT #fortinet $CSCO #ciscosystems $CHKP #checkpointsoftware $PANW #paloaltonetworks $JNPR #junipernetworks $MSFT #microsoft #technology #coronavirus #stocks #stockmarket #wallstreet #nyse #sp500 #nasdaq #investing #investors #trading #traders #markets #speculating #finance
🚨 Compression On Microsoft! (MSFT)💰 LET'S GET INTO SOME MICROSOFT ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- Currently showing signs of compression at previous structural high. A pullback would indicate a double top.
- The candle is still green but is a doji at a very critical price area. Next we want to see it xrop below the green and then the red line for a strong selloff.
- All 3 ema dots on the bottom are firing red, indicates a bearish sign.
- I will be taking a short here and setting a 1% stoploss.
Drop a comment down below and share your chart with us, we would love to see what you think will happen next! 🍻🍻🍻🍻🍻❤❤❤❤❤❤
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🥇MLT | MAJOR LEAGUE TRADER
Medallia, Inc. (MDLA) short.All description on the chart.
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Tencent Music Ent. $TME "Brekout"$TME just broke $13.37 out with high volume. RSI is still below the trendline though. There might be a pull back but it is very strong for an upside rally.
12 months Consensus Price Target: $16.11
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx