Hello everyone! Today i want to share some trading analysis with you!
1.
Many major semiconductor names like $Broadcom(AVGO)$ , $NVIDIA(NVDA)$ , and $Advanced Micro Devices(AMD)$ are down over 50% from their highs, a move few saw coming just four months ago. But now, there are signs this sector might be anchoring the next leg higher.
If you look at $VanEck Semiconductor ETF(SMH)$ monthly chart it looks like we pinned at bottom near the 2022 highs. The recent 90-day pause on tariffs, announced by President Trump, triggered a buying frenzy across the market, with semiconductors leading the charge.
As it stands, dips should continue getting bought up until we reach 228 on SMH. That level should line up with the S&P 500 pushing toward 5700. If SMH can break and hold above 228, it may confirm that the bottom is in, especially since semiconductors often lead the broader market out of major lows.
We're still well off the highs, so there’s plenty of opportunity over the next 2–3 weeks if this move has legs. All eyes are on semis to guide the path forward.
Trade Idea
Watch SMH 5/16 230 Calls — they can work if we hold above $212.
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2.
TRADE PLAN for Thursday 📈
$S&P 500(.SPX)$ massive day. Trump delayed tariffs by 90 days and $SPX ripped from 5000 to 5480+. IF SPX reclaims 5500 we can see 5670 again. For tomorrow wait for a dip to 5400 before considering calls.
$NVIDIA(NVDA)$ above 113 can run to 120-123 next. NVDA 88 should be the bottom
NVDA 117C is best above 113
$Tesla Motors(TSLA)$ through 276 can run to 283,290.
TSLA 285C is best above 276 for tomorrow
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