This is a stunning technical view of another Semi equipment company, Lam Research.  With all due caveats about a news-filled, roiled week in the markets, LRCX is making a move today that we can use for our macro theses of Semi Equipment bullishness, an early economic signal and just maybe, a cost-push inflation issue down the road.

The daily chart is breaking to a new high above the April high (which you will recall is our guideline for broad market indexes to trigger a bullish view).


The weekly chart looks similar to the bullish chart we used to gauge a breakout in MDT, which eventually attained its target.


I am going use the usual format of buy, sell and stop loss, but again please consider this primarily an update to our macro themes.  This is just for anyone who wants to confirm my research on the sector, do research on LRCX and take it for a trade…

Buy Target:  83.50 to 84.50

Sell Target:  106 or anywhere lower that profit is deemed acceptable.

Stop Loss:  A failure of the breakout below 82 (strict) or below 79 (more lenient) to suit risk tolerance.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.