Texas Instruments Update

Texas Instruments Update

Double bottom in place?  October/December lows look quite solid. Divergent MACD(daily) in place. Beginning to pierce a key overhead trendline.  Links three monthly highs(Sept/Oct/Dec). Initial support=$96.00 A close above $99.00 could spring it free. Earnings due Jan....
Applied Materials Bottoming?

Applied Materials Bottoming?

Shares of $AMAT have spent very little time in the red today despite a deep pullback in the major indexes.  With an hour to go in the session the stock is up just over 1.8% and is a top five gainer in the S&P 500 Index.  It appears $AMAT is set for a close above...
Microsoft Update

Microsoft Update

The 200 day moving average has proven to be a solid support zone for Microsoft during this recent wave of volatility.  The stock closed ever so slightly, as it did on Nov. 20th, below the 200D yesterday. $MSFT has not posted back to back closes below the 200 day...
There’s Only One

There’s Only One

Out of the following ten Equity Index ETF’s, $DIA is only one trading above its flat/declining 200 day moving average. $DIA, $SPY, $QQQ, $IJS, $IWM, $OIH, $XLE, $XLF, $SMH, $VTI The $XLP and the $XLU are trading above both their 50 and 200 day moving averages,...
Applied Materials Humming

Applied Materials Humming

Best gain of the year today for $AMAT.  The stock is up over 7.5% and trading near the highs of the day with an hour to go in the session.  Overall the semi sector has been moving well since the open.  The $SMH continues to expand this morning’s early pop and is...