Posts Tagged ‘SMH’
The Bear Case Is Obvious. That’s Why Pullbacks Don’t Last.
Stocks kept climbing a wall of worry this week, even as rate pressure, narrow participation and AI concerns dominated investor conversations. Evan explains…
Read MoreRecord Highs. Terrible Breadth. I’m still 98% Invested in 11 Stocks
The Nasdaq 100 reached new highs, but weak breadth, pressured bonds, and lagging small caps left the market split in two. Evan explains why semiconductor…
Read MoreEveryone’s Watching Yields. I’m Buying the Breakout in stocks.
Stocks pushed higher even as Treasury yields reached roughly two-decade highs and market breadth weakened. The episode explains why renewed strength in the…
Read MoreAMD Is Now My Largest Momentum Position
AMD has broken to fresh highs on heavy volume, outperforming a semiconductor group still below its June peak. That relative strength, liquidity, and orderly…
Read MoreCRDO Fell 14%. This Is Where Swing Traders Break
Volatility returned sharply as the S&P 500 lost short-term support and the Nasdaq 100 broke lower on heavier volume. The key question is whether this remains a routine pullback or develops into a deeper test of the recent breakout. The Rockets portfolio turned nearly blood red, led by CRDO’s 13.8% d
Read MoreThe VIX Just Hit a 2026 Low. Doesn’t Mean Get Comfortable.
The major indexes spent the week grinding higher on light summer volume, while the VIX closed at a fresh 2026 low. Beneath that calm surface, sharp stock-level moves and widening dispersion kept both opportunity and risk alive.
Read MoreMomentum Is Back. The Era of V-Shaped Rallies Continues
This week marked a decisive shift from defense back to risk-taking, as the S&P 500 broke out of its range and a rare momentum breadth thrust signaled renewed participation. Coordinated yen support, resilient AI spending and softer jobs data helped ease key market pressures.
Read MoreThe Market Got Its Rescue Rally. We’re Not Out of the Woods Yet
Markets absorbed a Fed pause, rising Treasury yields, and huge earnings-driven swings, yet the S&P 500 remains trapped in its summer range. Microsoft and Amazon powered an AI rebound, but continued semiconductor damage suggests the all-clear has not arrived.
Read MoreStrong Earnings Aren’t Enough. The Market Is Sending a Message.
This week’s Stock Market Weekly breaks down a market flashing more warning signs beneath resilient headline indexes. Strong earnings are being sold, Treasury yields and inflation expectations are rising, and weakness in Tesla, Alphabet, and the Nasdaq points to a tougher swing-trading backdrop.
Read MoreChip Selloff Pressures Momentum as Energy Leads the Tape
Market Environment Stocks closed risk-off as AI and semiconductor selling deepened. QQQ, XLK, and SMH carried the pressure, while energy became the clearest upside pocket as oil surged on U.S.-Iran and Hormuz stress. Defensives and financials helped cushion the tape, but not enough to offset growth weakness. Rates, dollar strength, and inflation watch kept traders…
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