Market On Close, Tuesday 3 December
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Semiconductor In “Not Dead Yet” Shocker
by Alex King, CEO, Cestrian Capital Research, Inc
For some time now I have been droning on about how semiconductor’s bull run looks incomplete. The drop from the July highs in this sector was fast and brutal, but since the August lows the sector has been moving sidewaysey-lookin-up. I don’t, of course, know if we are going to see a strong move to new highs in the sector but the explosive response of the normally sleepy Marvell ($MRVL) stock to today’s earnings print (here) suggests we may well see more upside ahead.
Let’s take a look at where markets stand.
But before we do - you really, really ought to spend a moment reading about our new SignalFlow AI For QQQ service. Here:
Alex King
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