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Stocks

INTC – Patience for the Price to Bottom Out

INTC has been making a lot of headlines after a steep decline after yesterday’s worse than expected earnings announcement. AI chip companies have been in a downtrend in general, but INTC has been underperforming relative to the others. I think NVDA’s earnings announcement in May is likely to be a catalyst for these AI chip […]Read More

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Stocks

Shifting Landscape Of Tech Stocks

In the past year, technology stocks have been favourites among a wide range of investors due to the strong growth in their share prices.  Specifically, the respective stocks from Nvidia, Alphabet, Apple, Amazon, Meta, Microsoft and Tesla have been chosen as the preferred ones, winning the title of the “Magnificent Seven”, with Nvidia’s stock recording […]Read More

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Stocks

QQQ – Bearish Gap Lower as Well

QQQ has a similar structure as SPY with a bearish daily candle open today after a strong selloff from META and worse than expected GDP and PCE inflation data. All eyes will be on MSFT and GOOGL earnings to see if the markets can rebound despite the bad news. ChartChamp socials: https://linktr.ee/realchartchamp

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