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It’s big week for semiconductor stocks, with two deals this week. Advanced Micro Devices (AMD) is buying Xilinx (XLNX) and Marvell Technology Group (MRVL) is acquiring Inphi (IPHI).
Both shift the buyers toward the growth areas of cloud-computing, data centers and 5G. It’s especially interesting for AMD because it will help its move away from PCs.
Speaking of PCs, look at Intel (INTC). It’s cratered exactly because it’s been unable to evolve beyond PCs.
The Philadelphia Semiconductor Index ($SOX) is rebounding today after dropping to its 50-day moving average yesterday. Big holdings include Nvidia (NVDA), Qualcomm (QCOM), Texas Instruments (TXN) and Broadcom (AGVO).
Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is the falling trendline along the highs of January and early March....
Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 Potential short-term range on S&P 500: 5057: 2/27 low 5127: 3/4 low of 5127 Potential "shooting star" on...