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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. Subscribe to the free Finance Trends N e wsletter - you'll get actionable trading ideas and valuable market insights sent to your inbox. You can follow our real-time updates on Twitter .    

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 tec