Technical Analysis
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How Intel Goes to “Apple Inside”?
The most eye-catching narrative last week – President Trump announced via Truth Social post that Apple (AAPL) has agreed to partner with Intel (INTC) to design and manufacture its chips domestically. While official corporate confirmations are still pending, the headline triggered a +10% surge in Intel last Thursday. This announcement echoes The Wall Street Journal’s… Continue reading
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Spotting relative strength
US market stabilized at the end of last week following a multi-day correction, with the SOX, Nasdaq, and S&P 500 recovering on Thursday and Friday. This rebound coincided with Trump’s announcement that a peace deal with Iran is close to being signed, alongside the highly anticipated listing of SpaceX (SPCX). The blockbuster IPO experienced a… Continue reading
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A Reality Check for the AI Hype
While no single catalyst drives a market correction, Friday’s pullback was symbolic in magnitude to temporarily cool off the hype, particularly within AI-related segments. The numbers speak for themselves: the Nasdaq slid 5% while the SOX plummeted 10%, marking the deepest single-day correction since March 2020. Deconstructing the Sell-Off The catalysts, as commonly quoted in… Continue reading
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Tech Exhaustion Meets Record Speculation
While major US indices closed higher week-to-date, momentum indicators like RSI suggest the market is becoming overextended. Indeed we do not need any fancy momentum indicators. We have been monitoring the leading stocks and sectors in this recovery, specifically CPUs, AI infrastructure, and Memory, and are seeing early signs of these names retreating from recent… Continue reading