Interesting to note that the semiconductor ETF, symbol SMH, is coming right up to the upper trendline of its more than year-long channel. Just sayin’.
Don’t Change That Channel!
Just Like That
These days, it’s heartening to see any stock behave exactly how it’s supposed to behave with classic technical analysis.
I was reminded of this because of Klaviyo (KVYO) which lost about 33% of its value today. Amazingly, it’s an AI stock, but more importantly, it treated its right triangle top precisely as it should have: a retracement, then a plunge!
How We Got Paid To Bet On AMD
Fifty Kay
Well, I’m far away from my massive desk filled with huge screens and am now instead in the center seat seven miles above the Earth. I prefer my desk. I also prefer the market not making record highs every single day, but I’m powerless there as well. The Dow got well above 50,000 on an intraday basis, but at day’s end, it couldn’t quite cut the proverbial mustard.
BFO’s Last Chance
This is a travel day for me, so for several hours I’ll be packing, driving, going through security, getting settled, and all that good stuff. Kindly talk amongst yourselves, and I’ll be back to you once I am all set with the oh-so-awesome 300 baud airplane WiFi after the close.
