$SOXX $ALAB
$SOXX: Price continues to find a bid off the 200 SMA. Initial test coming up off the declining 9/21 EMA cloud
$ALAB: Very similar look as $SOXX, a former market leader that I am watching to gauge overall semi strength
One of the only charts you need right now is to watch $SOXX
Price currently holding key 200 SMA + AVWAP
If $SOXX begins to break down under the 200 SMA, I would tend to believe many of these semi names are entering "Stage 4"
Notably, pretty much all semi equipment names are already below the 200 SMA and look poor
$LRCX $AMAT $KLAC $TER $Q $ONTO $AMKR
It is currently some of the blue chip semi names holding up $SOXX + above their 200 SMA
$NVDA $TSM $MU $AMD $INTC $ALAB
I will be watching closely
$HOOD Robinhood Markets Inc. Daily 💳
Price will be gapping down into the 85 - 95 S/R zone following earnings today
Bulls need hold the S/R zone as a close below the July 31 pivot low at 83.68 would not be a good look
$HOOD Robinhood Markets Inc. Daily 💳
Price continues to trade right at the 200 SMA + March 30 AVWAP
ER next week
$SOFI SoFi Tech Inc. Daily 🏧
Base continues to form, however price is still below the 200 SMA
I am watching to see if this one can re-gain momentum following the strong report today and re-claim the 200 SMA above
$SOFI SoFi Tech Inc. Daily 🏧
This continues to be a name I am watching as the basing structure + fundamentals are strong
High vol hammer candle on Thursday has my attention, but overall I still want to see a re-claim of the 200 SMA
Broad Market Update:
$SPY $SPMO
$SPY: Price continues to hold the June 26 AVWAP + just under ATH's. Risk remains on
$SPMO: Another gauge for data center trade + momentum as the 200 SMA continues hold
Broad Market Update:
$SPY $QQQ
$SPY: Price continues to hang out just below ATHs + above the June 26 AVWAP. I remain risk on with price above the AVWAP + Sep. 16 low
$QQQ: Price beginning to rollover, but the dispersion of software vs semi's is something to note. A close below 700 would have my attention to reduce risks
One of the only charts you need right now is to watch $SOXX
Price currently holding key 200 SMA + AVWAP
If $SOXX begins to break down under the 200 SMA, I would tend to believe many of these semi names are entering "Stage 4"
Notably, pretty much all semi equipment names are already below the 200 SMA and look poor
$LRCX $AMAT $KLAC $TER $Q $ONTO $AMKR
It is currently some of the blue chip semi names holding up $SOXX + above their 200 SMA
$NVDA $TSM $MU $AMD $INTC $ALAB
I will be watching closely
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$SPOT Spotify Tech. Daily 🎵
Very strong candle following the earnings gap up today
This one looks headed for a re-test of the 620 - 650 S/R zone above
$SPOT Spotify Tech. Daily 🎵
Price continuing to base out with a tight flag right above the 200 SMA going into earnings Thursday
Going into November, this is approaching a year long base

































