8 Minute Read

Tackle Today: Sizzling Semiconductors

November 9, 2021

By | No Comments

≈ Wow, just wow. ≈

Traders,

Remember when the Nasdaq was lagging? Yeah, that’s over. The tech-heavy Index has caught up and surpassed the S&P 500 (27% year-to-date gain vs. 26%). An eruption in semiconductor stocks has fueled the recovery. In fact, we’re in the biggest breakout for the Semiconductor ETF (SMH) of 2021.

For months, supply chain worries held the industry back, but last week’s Qualcomm (QCOM) report laid many concerns to rest. Together with Nvidia (NVDA) and Advanced Micro Devices (AMD), this trio has driven SMH to the moon. The pace is wholly unsustainable, and a pullback or pause is desperately needed. But if you want to know where momentum is hottest – it’s here. If we’re lucky, a low-risk entry point will present itself in the days to come, allowing a more palatable purchase.

#TeamTackle


Chart of the Day: Semiconductor ETF ($SMH)

Chart of the Day: Semiconductor ETF ($SMH)

Buyers are stampeding into chip stocks. Not the parabolic rise and sharp volume surge over the past two weeks. Congratulations are in order to those riding the wave.


Video of the day: How to use the Relative Strength Index (RSI) Indicator – Gino’s Gems

Coach Gino explains how to use the Relative Strength Index (RSI), a momentum indicator that measures the strength of recent price changes on charts to analyze overbought and oversold conditions.


Today’s line up

Tales of a Technician: How Rising Interest Rates Impact Stocks

In today’s video, I explain how bond prices and yields work. You’ll learn how interest rates impact the stock market as well.

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30 PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30 PM EST to discuss the markets and help you prepare for the week.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.


Tackle Trading: Financial Freedom is a Journey. Sign up now for a 15-day free trial.

Financial freedom is a journey

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.


Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

Leave a Reply

Chart Modal

Tackle Trading

Annual Holiday Sales are here!

Days
Hours
Minutes
Seconds
Unfortunately, this offer is now closed. If you still want to take advantage of it, reach out to us at [email protected]