Broadcom

  • AVGO

  • $164.13

  • +0.54%

  • $166.25

  • $166.34

  • $160.60

Ticker Appearances

First Word
Fri, October 4, 2024 | 7:45AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Sept jobs report - upside vs 150k consensus better. Watch the VIX to sense when Oct "iffy" period ending.

VIDEO: We are watching the VIX to get a sense when the "iffy Oct" period might end, both VIX falling below 17 and VIX term...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: 9B1589C7-35E9-4EC9-9A4F-B33C431794C2

Mon, September 16, 2024 | 12:01PM ET

⚡ FlashInsights

Mon, September 16, 2024 | 12:01PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Heading into Europe's close, we see a moderate rally in US Equities that has been largely disguised by weakness in AAPL -0.23%  which is falling by the most it has in a month. While Equal-weighted S&P 500 did rise to a record high today early in trading before giving back some of these gains, 10 of 11 sectors are higher today on an Equal-weighted basis, with only Technology being dragged down. This Tech weakness isn't as apparent when eyeing RYT which is just lower by -0.26% but XLK 1.02%  is down -0.67% as AAPL along with SKYW 1.13% , QRVO 3.37%  MU 4.70% , TER 1.87% , and AVGO 0.54%  are all down more than 3%. Thus, Semiconductors are down, but the broader market is acting fine, with Financials, Energy, REITS and Utilities all higher by more than +0.50% and even Healthcare is up by +0.47%. Overall, it's important to recognize that the US stock market is made up by more than just AAPL -0.23% , but Technology's negative performance today is dragging down the major US Benchmark indices like SPX and NASDAQ, while DJIA is positive, DJ Transportation Avg is positive and RSP 1.26%  is higher by over +0.30%.
Tickers
Mon, August 26, 2024 | 12:07PM ET

⚡ FlashInsights

Mon, August 26, 2024 | 12:07PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Today's mild pullback in SPX and QQQ is nearly entirely large-cap Technology driven, as weakness out of SMCI 14.73% , MU 4.70% , AMAT 3.09% , AVGO 0.54%  of 3%+ has caused XLK to lose 1% while most other sectors are positive. On an Equal-weighted basis, Technology is the only down sector and Advance/Decline is nearly 2/1 positive, with gains of more than +0.50% out of Real Estate, Utilities and Staples. Both US Dollar and Yields are up fractionally, but otherwise, a rather slow start to the final week of August. Note, NASDAQ has not pulled back under the lows from late last week. As seen in this hourly chart of NASDAQ futures, under 19542 would result in a move to 19365 most likely which would prove to be strong support and a good risk/reward ahead of NVDA 0.58%  earnings on Wednesday. Overall, most of the market working fine today despite some minor Tech weakness and both Equal-weighted S&P 500 (RSP 1.26% ) along with Russell 2k (IWM 1.50% ) etfs are both positive this morning.
Tickers

Events

Tickers

Trending tickers in our research