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Lin
AAPL
Buy
Buy: $SMCI
We’re seeing a beautiful breakout from this Volatility Contraction Pattern (VCP), which I highlighted just two days ago.
What’s even more encouraging is that the entire sector is demonstrating solid relative strength; institutions continue to accumulate.
On top of that, Nvidia, the market leader and bellwether in the space, is pushing to new all-time highs.
This might be just the start of the next leg higher.
Previous Updates
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- Weekly Market Update: Earnings Season is Back
- Weekly Market Update: Big Tech Divergence
- Weekly Market Update: Accumulation
- Weekly Market Update: The Best Quarter
- Weekly Market Update: Rate Hikes
- Weekly Market Update: AI is Not Slowing Down
- Market Update: Has AGI Arrived?
- Weekly Market Update: Consolidation
- Weekly Market Update: September is Here
- Market Update: Nvidia Crushes Earnings
- Weekly Market Update: Yields
- Market Update: The Future of Biotech
- Weekly Market Update: Earnings Acceleration