Overall the charts and indicators of KLAC look constructive.
Traders could go long on AVGO, as the charts appear to show price targets of around $335 and then $400.
Plus, the Saudis look to press their oil agenda while Europe prints some ugly economic data.
During a Tuesday keynote at the annual AWS re:Invent conference, Amazon emphasized the breadth of its AWS service lineup, as well as its investments in custom chips.
Plus, checking in on the yield curve, the Put/Call Ratio, political gamesmanship here and abroad, and a handful of tech names.
Lam Research can continue to be traded from the long side, as it continues its run upward.
The PC giants said they now expect Intel CPU shortages to continue into 2020, with Dell indicating costlier CPUs are now also affected. That could spell a bigger opening for AMD.
AMD that's the rest of the story: After checking in earlier this week on the tech company, we feel traders should now see price weakness on Friday as temporary.
Prices have been in an uptrend the past 12 months for the California-based chip name.
Here's how to play the chipmaker now.