Bull Pivot vs Bear Market Rally

By Bennett Tindle July 21st, 2022

If you caught our last update regarding semiconductors, then you know there are significant opportunities coming up in names like AMD, NVDA, LRCX and more.

Although these stocks have rallied sharply off their lows, we feel the tactical entries have yet to present. Not to mention the rally in the markets, while likely upside resumption, could still be proven corrective.

So while we remain bullish, we are also aware of and monitoring for the possibility that markets reject on the upside and turn lower…

In terms of potential catalysts, I still see upside possible in the charts of the US Dollar, Crude oil and the 10yr Yield…

If the dollar holds support and turns higher, that 3400-3600 S&P target I’ve had may still hit…

Not to mention we have an extremely important week coming up, filled with earnings and the Fed decision.

Markets have already priced in the fed, so although it remains a key event, I’m more interested in earnings.

In the meantime, here is a look at what we need to see next, and where we may go from here.

Join me as I take you through the markets, including a look at the S&P, Crude Oil, US Dollar, and Semiconductors! See you on the next one!

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TA Live! Earnings Season – 07/20/2022