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Showing posts from February, 2017

S&P 500 Trading at New All-Time Highs: SPY Weekly Chart

S&P 500 ETF, SPY trading at new highs (weekly chart below). Remember what the pundits said 3 months ago ("Trump crash!")... Markets shrug opinions.



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Chip Stock Rally Broadens: NVDA, AMD, BRKS, KLIC, SMH Charts

Semiconductor stocks have been one of the strongest groups in the stock market since mid-2016, when the S&P 500 recovered and started its march to new all-time highs. 

You can see this clear uptrend taking shape in the annotated weekly chart (below) of Semiconductor ETF, SMH.



The chip stock rally is now broadening out. While big name stocks like Advanced Micro Devices (AMD) and Nvidia (NVDA) led the charge higher in 2016, lesser-known stocks like Brooks Automation (BRKS) and Kulicke and Soffa (KLIC) are now coming on strong and moving to multi-year highs. Let's view their charts.

NVDA has been a powerful leader to the upside since 2015. After climbing through resistance and making a 5-year high in late 2015, NVDA had a throwback correction down to $25 level. The stock resumed its advance in early 2016, setting a new all-time high above $40 in May of that year. Since then, it has climbed over $100 and become one of the most widely watched and traded tech stocks in the market.


AMD h…