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...
Lam Rebounding(New Long)

Lam Rebounding(New Long)

Lam Research has pulled back nicely over the last month.  The stock’s powerful earnings driven breakout on January 24th lead to a fresh rally leg.  By February 14th LRCX was up over 30% from the pre earnings close of January 23rd.  This week the stock is testing...
$INTC Update

$INTC Update

The 200 day moving average, which has been declining since mid December, is still in control.  It has capped three of the last monthly highs.  Intel reports Q4 results tomorrow after the bell.  Not exactly a bullish set up.  But, a high volume move past $50.00 could...
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....