The World in One Chart
Don’t Change That Channel!
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’.
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.
