Chip Stocks Are Taking a Beating — Look to This Sector for Strength

Which means we need to be extra careful!

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Get Graham’s QF4 preview — including his boldest prediction yet! — at 4 p.m. ET TODAY!  Chip Stocks Are Taking a Beating — Look to This Sector for Strength The first trading day of the week is generally a rotation day, and boy did we ever see some serious rotation out of chip stocks…  Here’s a chart of the VanEck Semiconductor ETF (SMH), and Nvidia (NVDA) is the biggest stock in this fund. Things don’t look good, and it’s down over 7.1% as of 3 p.m. ET! Nvidia (NVDA) is down 9.3%, with no buyers stepping in to stop the bleeding.  I’m staying away from chip stocks until SMH catches a bid higher to around the $265 level, so make sure you stay out of trouble — I wouldn’t touch this thing with someone else’s money right now! As for the broad market and particularly the S&P 500 (SPY), I’m not quite sure if it’s ready to break down much lower, but I wouldn’t be surprised if it doesn’t catch a bid back to $555, a level I didn’t expect to be broken this morning.  But there’s hardly any follow through at current levels… That’s because volume is next to nil… With one hour left in the trading day, SPY volume was only 72% of its daily average, and less than half of what the average was just a month ago, and a third of what we saw back in February.  So there is next to no institutional commitment in this market. With volume being this low, it’s really easy for an institution to bully the market. This means we have to be extra, extra careful.  Coming into this morning, there were 398 stocks making 90-day highs.  As of this afternoon, that number has fallen to just 148 — so the bulls have taken it on the chin since Friday… Finally, if you’re looking for strength, the Consumer Staples (XLP) sector is where you’ll find it! Check out all these tickers, many of which make up this sector… That’s all for today… I hope that helps! Roger Scott Roger Scott Trading Follow along and join the conversation for real-time analysis, trade ideas, market insights and more! Telegram: https://t.me/+_vmfwkeP8fA5YWQ5 *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.  _______________________________________________ Don’t Miss Graham’s Q4 Forecast at 4 p.m. ET TODAY!   Hey there, My buddy Graham Lindman will be going LIVE at 4 p.m. ET TODAY, Sept. 3, to make one of his boldest predictions yet... Here's a taste of what's coming:   • The REAL state of the economy (not the sugar-coated version the media feeds you). • What the Fed's up to (and how to potentially profit from it). • How to make this election volatility work for you. • The truth about gold, oil and, yes... even crypto. And if you know Graham, then you know he’s always in the habit of giving more, so when you join in today…  H’es promised to also serve his top 3 diversified picks on a silver platter… And from what I can see, he’s targeting a 100% ROI on EACH one of those. If you want to end the year and make Q4 one of your best…   You Can’t Afford to Miss This! _______________________________________________ ‘30 Minutes of Awesome’ With Jeffry Turnmire Is LIVE at 5 p.m. ET TODAY!   Jeffry will be live at 5 p.m. ET TODAY, Sept. 3, to cover everything happening in the market right now.  He’ll even analyze your ticker in real time at the end of the show, which he does each Tuesday!   Just Go Here to Join Him! Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered! Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3…  1. Download Telegram on your mobile device (Before you can add Telegram to your desktop computer, you must download the application on your phone and create your account: To download to your iPhone, click here. To download to your Android device, click here. After the download is complete, please create an account. NOTE: You can manage your privacy settings by clicking “Settings,” and then “Privacy & Security.”  2. Download Telegram on your desktop: Once you’ve downloaded Telegram onto your mobile device and created your personal account, you can download it onto your desktop computer. To download onto your PC, click here. To download onto your MacOS, click here. 3. Then add our channels by clicking these links!    • Lance Ippolito: https://t.me/+-gVwEIwGJhplMTgx   • Graham Lindman: https://t.me/+abM5RWRJKrpkNWI5    • Roger Scott: https://t.me/+_vmfwkeP8fA5YWQ5    • Jeffry Turnmire: https://t.me/+6TdDE7-F6GlhMmJh See you there!  _______________________________________________

Get Graham’s QF4 preview — including his boldest prediction yet! — at 4 p.m. ET TODAY!  Chip Stocks Are Taking a Beating — Look to This Sector for Strength The first trading day of the week is generally a rotation day, and boy did we ever see some serious rotation out of chip stocks…  Here’s a chart of the VanEck Semiconductor ETF (SMH), and Nvidia (NVDA) is the biggest stock in this fund.   Things don’t look good, and it’s down over 7.1% as of 3 p.m. ET! Nvidia (NVDA) is down 9.3%, with no buyers stepping in to stop the bleeding.    I’m staying away from chip stocks until SMH catches a bid higher to around the $265 level, so make sure you stay out of trouble — I wouldn’t touch this thing with someone else’s money right now!   As for the broad market and particularly the S&P 500 (SPY), I’m not quite sure if it’s ready to break down much lower, but I wouldn’t be surprised if it doesn’t catch a bid back to $555, a level I didn’t expect to be broken this morning.    But there’s hardly any follow through at current levels… That’s because volume is next to nil… With one hour left in the trading day, SPY volume was only 72% of its daily average, and less than half of what the average was just a month ago, and a third of what we saw back in February.    So there is next to no institutional commitment in this market. With volume being this low, it’s really easy for an institution to bully the market. This means we have to be extra, extra careful.    Coming into this morning, there were 398 stocks making 90-day highs.    As of this afternoon, that number has fallen to just 148 — so the bulls have taken it on the chin since Friday…   Finally, if you’re looking for strength, the Consumer Staples (XLP) sector is where you’ll find it! Check out all these tickers, many of which make up this sector… That’s all for today… I hope that helps! Roger Scott Roger Scott Trading   Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!   Telegram: https://t.me/+_vmfwkeP8fA5YWQ5   *This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.  _______________________________________________ Don’t Miss Graham’s Q4 Forecast at 4 p.m. ET TODAY!   Hey there,   My buddy Graham Lindman will be going LIVE at 4 p.m. ET TODAY, Sept. 3, to make one of his boldest predictions yet...   Here's a taste of what's coming:   The REAL state of the economy (not the sugar-coated version the media feeds you). What the Fed's up to (and how to potentially profit from it). How to make this election volatility work for you. The truth about gold, oil and, yes... even crypto. And if you know Graham, then you know he’s always in the habit of giving more, so when you join in today…    H’es promised to also serve his top 3 diversified picks on a silver platter… And from what I can see, he’s targeting a 100% ROI on EACH one of those.   If you want to end the year and make Q4 one of your best…   You Can’t Afford to Miss This! _______________________________________________ ‘30 Minutes of Awesome’ With Jeffry Turnmire Is LIVE at 5 p.m. ET TODAY!   Jeffry will be live at 5 p.m. ET TODAY, Sept. 3, to cover everything happening in the market right now.    He’ll even analyze your ticker in real time at the end of the show, which he does each Tuesday!   Just Go Here to Join Him! Want to get a link to TradingPub content, trade ideas, real-time market analysis and educational tidbits? We have you covered!   Telegram is an entirely free messaging app and getting access is as easy as 1… 2… 3…    1. Download Telegram on your mobile device (Before you can add Telegram to your desktop computer, you must download the application on your phone and create your account:   To download to your iPhone, click here. To download to your Android device, click here.   After the download is complete, please create an account. NOTE: You can manage your privacy settings by clicking “Settings,” and then “Privacy & Security.”    2. Download Telegram on your desktop:   Once you’ve downloaded Telegram onto your mobile device and created your personal account, you can download it onto your desktop computer.   To download onto your PC, click here. To download onto your MacOS, click here.   3. Then add our channels by clicking these links!    Lance Ippolito: https://t.me/+-gVwEIwGJhplMTgx   Graham Lindman: https://t.me/+abM5RWRJKrpkNWI5    Roger Scott: https://t.me/+_vmfwkeP8fA5YWQ5    Jeffry Turnmire: https://t.me/+6TdDE7-F6GlhMmJh See you there!  _______________________________________________

Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit thetradingpub.com/terms-of-service/ for our full Terms and Conditions. A TradingPub Publication   ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. TradingPub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from TradingPub LLC are for your informational purposes only. Neither TradingPub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. TradingPub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://thetradingpub.com/terms-of-service/  for our full Terms and Conditions. Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by TradingPub 101 Marketside Ave, Suite 404 PMB 318 Ponte Vedra, Florida 32081, United States

Disclaimer:   The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.    Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.    Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.    Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit thetradingpub.com/terms-of-service/ for our full Terms and Conditions.   A TradingPub Publication   ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. TradingPub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from TradingPub LLC are for your informational purposes only. Neither TradingPub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. TradingPub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://thetradingpub.com/terms-of-service/  for our full Terms and Conditions. Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by TradingPub 101 Marketside Ave, Suite 404 PMB 318 Ponte Vedra, Florida 32081, United States