Category Archives: Hot Stocks

Selective Semiconductor Stocks Relative Performance

The semiconductor index had a good performance 16% relative to SPY 6% in the last nighty days.  AMD and NVDA are impressive leaders, while AMAT just beat the Semiconductor Index and the old name Intel lost money excluding dividend.  AMD lost close to half billion dollars in 2016, but the market didn’t care.  It only cared about the X factor of AMD’s sexy comeback story. 

Read more ...

Long $AMD at Open

On 01/24/2017 before the earnings announcement, AMD came out the weekly cycle bottom by taking out 10.25 and closing above it.  It has been in the bottom timing band for a long time.  The precise action of taking out the prior swing high at 10.25 confirmed the completion of the weekly cycle bottom.  We advise long at

Read more ...

AMD in Bottom Timing Band

AMD has been in selloff mode since the high at 12.42 made on 12/28/2016.  It has been 13 trading days since the top.  It traveled from 12.42 to 9.42, about 24% decrease.  Today’s drastic rally from 9.42 indicates strong support from this level.  9.42 is between 38-50% retracement of the weekly cycle.  It is in an ideal location for a band

Read more ...

Short Trade $BAC 2nd Update

At 11:58am today, we posted a chart stating the intraday bounce to the 38% retracement was likely over if the price was able to violate 22.17 on the downside.  It stopped right at 22.18 and turned around to take out the previous high @22.58.  It closed at 22.63.  The action from 22.18 low to 22.63 was commendable on the bull side.  The strength of the rally was impressive.

Read more ...

$BAC Intraday Bounce is Over

BAC bounced to 22.58 to meet resistance at R1 and 38% retracement of the swing from 23.41-22.01.  It breached daily pivot range high at 22.40, but was unable to breach 3-day rolling pivot range high at 22.71.  Once it violates 22.17 to the downside, it will resume selloff to test 21.77.  If it can’t take out 21.77, it just means BAC is taking a break on the downside.

Read more ...