3 days ago
11
Traders,
Finally! The pullback and base may finally be underway in semis/technology. For the run to continue and for fresh swing-long breakout opportunities in many of the leading names I’ve discussed recently, this has needed to happen. While semis, data center, space, and photonics names hopefully take a much-needed breather, there’s still a lot setting up and many names in focus for the upcoming week.
Consolidation Breakout in MSFT: There was notable strength in MSFT on Friday, along with software in general. That relative strength signaled to me, in the short term, the possibility of further rotation in the sector, and perhaps MSFT too. A close above the 100-day, along with its 10 and 20-day, was a good first step.
English (US)