|Day Low/High||117.04 / 119.00|
|52 Wk Low/High||87.70 / 120.00|
Charts for Texas Instruments look troubling in the year ahead.
Major indices are overbought, except for the Russell 2000.
A new high close above $100 will refresh the uptrend.
But the stock is still on track to reach our price targets.
Prices have traded sideways for about four weeks, but the rally will likely resume, and higher price targets are ahead.
What to do when the market gets choppy as hundreds of companies report results.
The trend upward continues, but there are indications that the market is growing weary and in need of rest.
Strong earnings from Dow components Caterpillar, McDonald's and 3M were on track to push the blue-chip index higher after a 0.23% decline on Monday.
TXN should eventually reach higher highs.
It's a good sign when the financials are leading, but that's just the beginning.
The S&P 500 and Dow Jones Industrial Average scored new records even with just modest gains to begin the week.
Events that would normally give investors pause have merely primed the pump.
If MU rises, it would lift all boats.
But it dominates so many sectors, it is ultimately the one to buy.
The odds are looking good for activist Elliott Management's push to get a higher sale price for NXP.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.
Indicators suggest a sideways to lower path for TXN.
I've heard all of the bearish arguments, but I don't believe them.
This is pretty typical Fed Day action, when traders do some quick trades while they wait.
If Lam doesn't blow the numbers away and say it is still too hard to meet demand, then I think it can get hit.
The bears still believe disaster is right around the corner, but the market doesn't seem very worried.
Elliott Management and other big NXP investors reportedly want the Qualcomm deal renegotiated. Given what has happened over the past seven months, they might just have their way.
Forget FANG -- these three large-cap stocks look ready to lead the tech sector higher as we head towards the summer months.