Philadelphia Semiconductor Index – Cheap Chips …!!???

 

ATA Following …

10.11.2018 –  NVIDIA – NASDAQ REAL TOWERING INFERNO …

27.04.2019 –  INTEL – from INSIDE to DOWNSIDE…

of course with

14.01.2019 –  NASDAQ – V CORRECTION – from Dynamic Risk Off to Dynamic Risk On…

 

chip

 

Philadelphia Semiconductor Index  SECULAR  SITUATION 

ATA MARKET MODEL  IN LONG TERM ACTION  

First of All…

When Mainstream Media return to Bulls Story…  

&

Nasdaq  still Rising to New All Time Highs 

vs

Nasdaq 100 – No New All Time High

&

Semiconductor Index  Stop Rising 

 

First…Market Motives :

US & Global Slowdown or Recession Mainstream Projections 

vs

US GDP Annualised (Q/Q) Q1 3.2% (exp 2.3%; prev 2.2%)

&

FED Policy & Powell Speeches

with

Nasdaq – New All Time High Intraday – Today  

vs

Nasdaq 100 – No New All Time High –  Today

&

Philadelphia Semiconductor Index –  No New All Time High 

Last Record – 24.04.2019  in 1600 Zone (Max 1589) 

among others on

INTEL Warning

 

Second…Market Technical Patterns :

Monthly View 

first of all

Bullish Trend Channel

starts from  2011 – 2012 year

&

Inverted Ending Diagonal Pattern 

starts from 2012 year

with

Present Psychological Key Levels Zone

1500 – 1600 

 

Main Resistance Zone

1700  – Channel Line

1600  Zone   –  All Time Top

Main Support Zone

1500 – 1400   – Last Triangle Pattern

1200   –  Dot Com Bubble 2000 year

with

MACD Monthly 

Active Sell Signal  &  Negative Divergence 

 

ATA Investment Conclusion

 Consolidation  in Bullish Trend dominates

but with

2B Pattern Risk – 1600 Key Level 

&

testing

1200   –  Dot Com Bubble 2000 year

&

1150  – Trendline Zone 

so

Special Focus on

PHLX  Semiconductor Index  Smart Money Battlefield  

1500  vs  1600 

SM Reaction on 

EOM – April

 

always remember

Chart is More Important than 1000 Words…

&

Most Important s Final Smart money Reaction…

EOM – April 

 

 

PHLX  Semiconductor Index  &  ETF Monthly Charts :

29.04.2019

Semiconductor Index - M - Line log

Semiconductor Index - M - Line log - Focus

Semiconductor ETF - M - Line log

Semiconductor ETF - M - Line log - Focus

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a website or blog at WordPress.com

Up ↑

%d bloggers like this: