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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.96

-1.1%

Oct 30 4:00 PM EDT

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To: Johnny Canuck who wrote (59934)	9/10/2024 11:05:55 PM
From: Johnny Canuck	Read Replies (1) of 67408

Put TXN and SMH on your watch list. TXN is the strongest of the semiconductors and while not specifically tied to any sector, electronics need the analog products and chip for pretty much everything. Their guidance was for an end of the inventory issue. They may be the company seeing the recovery first. Keep in mind they are one data point but if they rise to a new high, it is an indication that traders are going to go with the strongest first and then shift in to the over semiconductor companies.

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