There’s Never Been a Semiconductor Rally like This One

TAGS: Technical Analysis Software

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News in Brief

  • Bank of Japan holds key rate as Middle East war dims outlook.
  • DOJ drops Powell probe, smoothing path for Warsh to lead Fed.
  • Economists raise US inflation forecasts as Iran war drags on.
  • Italian’s fear of buying stocks is costing the country billions.

MarketWatch:

  • Bed Bath & Beyond is seeing new life, as rare sales growth lifts stock more than 25%.
  • Deliveries of a $300,000 flying car may be coming later this year.
  • Intel’s stock extends its spectacular run.

yahoo! finance:

  • Microsoft, OpenAI rewrite partnership deal.
  • Microsoft to report earnings amid stock slide, OpenAI deal.
  • Alphabet earnings on tap with AI spending updates in focus.
  • Nvidia closes at record high, retakes $5T market cap.
  • Consumer sentiment at record low as Americans feel impact of war.

It was not Intel that gained the most last week, but actually AMD. See the list below of best performers last week and notice those that made new highs (H).

Global Indexes

S&P 500

The semiconductor shares took the S&P 500 to a new high.

DAX

The DAX now has 3 indecision candles next to each other on its 200 DMA support.

HANG SENG

The HANG SENG is also making an indecision high wave candle on its 50 & 200 DMA’s supports.

NYSE & NASDAQ Stocks

Intel Corporation

INTC had its best run in a decade. Notice the 314% gain for the past year. Also to notice is where FrontRunner gave a warning of a new high coming. Algomodel Signals Pro is the only software in the world that has this unique proprietary indicator.

NVIDIA Corporation

NVDA is making a run towards analysts’ average prediction of $266 with another 22% potential. The highest prediction is $325 by Rosenblatt and $300 by BofA.

JSE Stocks

JSE All Shares

The JSE All Shares decline stalled with an uncertain doji.

Naspers Ltd

NPN stalled with an indecision high wave candle on its 50 DMA support, way below analysts predictions.

Algomodel Strategies, Education & Features

Click on Education or go to the home page to view education posts.

Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.

All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.

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