The Stock Market Stalls, But Trouble Still Looms On The Horizon

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blackberry, bb


I wrote a story on AMD today, AMD’s Stock May Jump On Higher GPU Prices. It combines what I have over the past few days about the bullish charts and options. Plus I did some research on trends in GPU prices.


Apple may have broken out today, I think, and I hope that it signals the stock is likely to continue on its way higher towards $182.

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Tesla still can’t break out, but it continues to hold $300 like a rock. Something has to give at this point. Either the stock is on its way back to $330 or it has further to fall to $290. There is no in-between anymore.

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NXP Semiconductor (NXPI)

NXPI is very close to breaking out, closing a hair below resistance at $94.75. Should a break out occur the stock has room to run towards $106.

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The banks are getting closer to that 103 level we talked about a week or so ago on the BKX.

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Disclosure: Michael Kramer and the Clients own shares of Apple, Tesla, NXP

Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when ...

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