Plus, an FDA advisory panel gives a unanimous boost to a Moderna booster shot and Boeing slumps on a negative news report.
Let's review the charts and indicators.
How Important is Taiwan? On it's own, very important. As home to Taiwan Semiconductor? Invaluable.
As we're two-days deep into a move higher, let's look at how to play these tech names.
Can the stock be bought here?
This firm is key to the data center, which is now expected to drive 40% of revenue generation.
Now that the shares have tested the $160 area let's review the charts again.
If the stock of the chipmaker can hold a key support level it could prove to be an opportunity to buy.
While the big guns meet at the White House about the global chip shortage, the president and these companies are approaching this all wrong.
The chipmaker's chart indicates it could be an opportune time to be a buyer of the stock, which had great short- and long-term runs.