Semi Equipment leadership is rolling over

The tip of the spear that is the cycle leading Semiconductor sector is fading fast If broad Semi is a market leader, Semi Equipment is a leader within the Semi sector. I had been bullish on LRCX, AMAT and others due to the ongoing post-lockdown Semiconductor shortage because these companies (along with ASML, KLAC, ACLS, BRKS and others) are the solution to the chip supply … Continue reading Semi Equipment leadership is rolling over

NFTRH+; Updating the gold stock ‘bounce’ theme

From the August 10th update, we discussed a bounce a coming bounce in GDX as a short/hedge opportunity for those who would short (I’d had multiple emails asking about shorting or hedging). But as an example of a setup for those who would hedge, GDX provides one. Last week a big gap down was created. If you want to short a setup then a fill … Continue reading NFTRH+; Updating the gold stock ‘bounce’ theme

NFTRH+; Near-term technical situation in Gold & Silver

Gold is bouncing from the deep drop to test the previous lows in March. Note the word “bounce” because it will not be anything more than that unless it takes out the moving averages in the red shaded zone. Even then it would have more work to do by taking out the May high at 1920 to get a technical ‘all clear’. Bounces are normal, … Continue reading NFTRH+; Near-term technical situation in Gold & Silver