I’ve been following Broadcom for weeks, as it’s a Five Star Pre-Earnings Momentum setup, along with MU and TSM. AVGO has surpassed targets, with MU making yet another target. TSM is up next on the docket for entry. Let me show you what I’m looking at to identify these pre-earnings momentum moves.
The focus is on high-quality trend continuation patterns, including daily and weekly squeeze setups in TSM, Amazon, Tesla, and Google. Taylor explains why leadership from big tech and semiconductors remains critical, how he’s thinking about risk/reward, and what signals need to trigger before these trades become actionable.
The S&P and Nasdaq are getting extended, with a big gap between current price action and key moving averages like the 20-day and 50-day. That does not mean traders should short the market, but it does mean chasing up here gets harder.
