Cisco Story

Cisco Story

Back on May 16th Cisco surged over 6.5%(earnings) after a big upside gap on the open.  This was the best single day gain for the stock since Feb. 11, 2016.  Last week CSCO began to pullback and is now pennies away from filling the huge earnings inspired gap.  ...
AMD Tops The SP 500 Index

AMD Tops The SP 500 Index

Shares of Advanced Micro Devices are surging today.  The stock is up over 10% on news the company is developing new gaming and PC chips.  This powerful move on very heavy trade is driving AMD to its best close of 2019.  Following today’s impressive news inspired...
Intel Update

Intel Update

At today’s lows INTC is down 35% from the April 2019 peak.  The daily MACD indicator has not been this oversold since the Q1/2008 lows.  The $43.50 to $42.00 area held important monthly lows in 2018, most notable was the Christmas week low($43.50).  We...
Semis Slumping

Semis Slumping

hjat Trade fears with China are driving the semiconductor sector lower again today.  Also adding pressure:  Bloomberg News reported Sunday that Xilinx XLNX, -6.53% XLNX, -6.53% and other U.S. chip makers, including Intel Corp INTC, -2.21% Qualcomm...
Intel Approaching Major Support

Intel Approaching Major Support

Intel took a major hit on April 26 following a rather uninspiring earnings report.  The stock closed that session with 10% loss, it’s biggest one day decline in years.  INTC has been drifting lower since and at this week’s low the upper band of a major...