Posted by johnny2012 on 6th of Jun 2026 at 02:49 pm
I reviewed the charts for the top semis that make up SOX. MU is
the biggest and has a nice gap to fill below, AMD, MRVL, INTC and
AVGO. All seem to have room to drop further to fill some gaps
and/or hit 50 ma's. Next week will be interesting especially seeing
space x start trading on Friday. I am not taking longs again until
some gaps fill or good reversal patterns develop.
That could cause more volatility on Wednesday. My Naaim index
usually bottoms when these funds drop to about 60 percent longs and
we are 86.82 room there to fall.
Marvell added to S&P 500
MRVL
Posted by shellson2 on 5th of Jun 2026 at 05:29 pm
Marvell added to S&P 500
MRVL
Posted by rbreese on 6th of Jun 2026 at 07:59 am
Did rally from 257 to 281 and then dropped back toabout 272. Still BIG gap fill 220 to 250 area.
I would like to see
Posted by johnny2012 on 6th of Jun 2026 at 09:28 am
I would like to see it fill that gap early next week and it would be a better buy for sure long term,
MRVL
Posted by rbreese on 6th of Jun 2026 at 02:33 pm
After all the new MRVL shares trade via move to S and P there will be a chance it fills the huge gap.
I reviewed the charts for
Posted by johnny2012 on 6th of Jun 2026 at 02:49 pm
I reviewed the charts for the top semis that make up SOX. MU is the biggest and has a nice gap to fill below, AMD, MRVL, INTC and AVGO. All seem to have room to drop further to fill some gaps and/or hit 50 ma's. Next week will be interesting especially seeing space x start trading on Friday. I am not taking longs again until some gaps fill or good reversal patterns develop.
50 MA's I truly believe
Posted by shellson2 on 6th of Jun 2026 at 03:45 pm
50 MA's I truly believe will be hit by many of the tops you mentioned. That will equate to many billions of dry powder to then implement
CPI
Posted by rbreese on 6th of Jun 2026 at 02:52 pm
That could cause more volatility on Wednesday. My Naaim index usually bottoms when these funds drop to about 60 percent longs and we are 86.82 room there to fall.
IF the market stays in
Posted by johnny2012 on 6th of Jun 2026 at 02:56 pm
IF the market stays in this area or lower, Wed the margin calls will probably be hitting and really be ugly.
SMH 50
Posted by rbreese on 6th of Jun 2026 at 03:06 pm
Last Gap to fill around 520 area.Enjoy rest of the weekend.
Yep. 240ish would be interesting
Posted by shellson2 on 6th of Jun 2026 at 09:57 am
Yep. 240ish would be interesting spot for me