Market’s Zero-Sum Nature Should Continue to Work in Favor of this Former High-Flying Industry
In September of last year we had a post suggesting the market is thematic and that every dog tends to have its day in the sun and that old-line technology stocks were about to begin sun-bathing. That belief was largely…...
Spread Trade Opportunity in Semis
The chart below plots the ratio of AMD vs. INTC. With AMD’s dramatic decline of late the ratio sits on long-term support line (1). A potential spread trade here would be to go long AMD and short INTC. The trade…...
Long CREE / Short PANL Spread Trade Up 12% Since September 27th Post
Wanted to update this idea/thesis given the nice pop in CREE today. On September 27th we had a post that noted a spread trade opportunity had emerged in the flat panel/LCD space. That post can be found here and the chart…...
Semis Likely Have More Relative & Absolute Downside Remaining
The chart below plots the ratio of the SOX vs. SPX. Note the ratio doesn’t reach intermediate-term support region (A) until ~3% lower. More material support doesn’t come into play until line (1), some ~15% lower. Additionally, the 52 week…...
PC Players Could Have Significantly More Downside
We recently had a post on INTC and noted it sat at quarter-century support. We also noted that relative to the XLK tech ETF, it was as cheap as it’s ever been. In that post we asked the following if…
INTC’s Recent Decline Has Taken it To Trend-Line Support from its 2009 Lows
Self-explanatory chart below – INTC is now sitting on trend-line support from its 2009 and 2011 lows. Can we expect a bounce here for INTC and with it the semiconductor space in general – both have been beaten up badly…