Is TSM Ready To Break Out?
I’m eyeing a breakout in TSM. As one of my favorite relative-strength semiconductor stocks, a breakout at this point would signal another buying opportunity.
I’m eyeing a breakout in TSM. As one of my favorite relative-strength semiconductor stocks, a breakout at this point would signal another buying opportunity.
The SPY breakout trapped the shorts and we have already hit the first target. When the tape looks this clean, I go hunting for what breaks it. I am watching two risk factors and a few stocks into next week.
The SPX ran 500 points in a week and finally tagged my tree line target at $7,768, so a quiet day today was no surprise. The daily squeeze fired and momentum is still pushing higher, which is why I’m treating that sell arrow on the daily candle as a fake out rather than a signal.
SNDK and WDC reported after the close today. If they’re any indication of what’s to follow, it’s probably time for the indexes to come in for a few days.