Advanced Micro Devices (AMD) just broke out of consolidation to the upside, and could rally to $100. The stock is running after launching the Radeon RX 5300 GPU graphics card, which competes against NVIDIA’s GeForce GTX 1650. Plus, it’s chips should be under big demand when Microsoft and Sony release their new gaming consoles later this year. We also have to remember that AMD is chipping...
Continue reading >>The market bounced back on Wednesday following a three-session selloff with the Nasdaq leading the charge higher. Tech had tumbled into correction territory following a cumulative 10% loss from last Wednesday's high into Tuesday's close, leaving the index ripe for bargain hunting. The overall gains were a relief but remains to be seen if it was a dead cat bounce or the beginning of a more serious...
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Continue reading >>The market fell for the 3rd-straight session on Tuesday following a long 3-day holiday weekend with the lower lows being an ongoing bearish signal. Technology stocks and the sector led the downdraft with the Nasdaq and the Russell 2000 closing back below their 50-day moving averages.The Nasdaq settled at 10,847 (-4.1%) after tapping a session low of 10,837. Fresh support from mid-August at 10,800...
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