Category Archives: AVGO

Boradcom Blow-Off?

September 4, 2025 By in Artificial Intelligence, AVGO, NVDA, Positions, Semiconductors, SOXS, SOXS-25-10, SOXX 5 Comments

Watch for Tomorrow

As of this post (6:41 p.m., EST), Broadcom (AVGO) is trading up about 11.50-pts at 317.6, after its earnings release, link here.

That level is just above the all-time (regular session) high of 317.35, posted on August 13th.

In the SOXX, Broadcom is No.2, market cap, right behind Nvidia. So, the SOXX, is up as well in the after-hours.

It’s interesting to note that sister-stock, Nvidia has not rallied in sympathy.

In fact, it’s trading slightly lower after-hours.

As the tagline says, we’ll be watching closely tomorrow.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Broadcom … Explodes !!!

December 13, 2024 By in Artificial Intelligence, AVGO, Basic Materials, Semiconductors, SOXX, Spring-to-Up-Thrust 1 Comment

It Does Not Mean, What You Think It Means …

Like something straight out of The Princess Bride, this morning’s Broadcom (AVGO) explosion, probably doesn’t mean what the ‘investing’ public thinks it means (not advice, not a recommendation).

The link above, tells us AVGO, has launched higher on a ‘bold A.I. forecast’.

A Forecast !!! … what maybe could, or might happen in the future, if nothing bad happens along the way, … maybe.

Well, let’s go to the sector itself, the SOXX, and see what the market’s really telling us.

Semiconductors, SOXX, Daily

The bubble trend break discussed here, remains intact.

Any number of notations can be made on this chart.

There’s a downtrend line from the October 15th high (not shown), with today, as the fourth hit on that line.

The low of November 27th, to today, could be classified as ‘spring-to-up-thrust’.

The list goes on.

However, the main point, and to leverage on yesterday’s update, is this:

If the building blocks of economic activity (Basic Materials) are in a (potential) long-term reversal, how are any of these so-called A.I. ‘data centers’ and the associated infrastructure going to be built?

Asking for a friend. 🙂

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

ChatGPT, Tops-Out

July 8, 2023 By in AVGO, NVDA, Positions, Semiconductors, SOXS, SOXX, TSM

And With That, It’s Over

The ChatGPT craze lasted just long enough to ramp Nvidia and the SOXX, to stratospheric levels.

In the coming weeks and months, we’re likely to see who ‘cashed-in’ (a la Elon Musk) and for how much.

When a bull market nears the end of its lifecycle, it tends to thin-out.

As the smaller cap stocks fall away and underperform, they’re sold and that capital’s funneled into the ‘last man standing’; in this case, Nvidia (NVDA).

Broadcom (AVGO) is there as well, but it’s a distant second at 1/3rd, the market cap of NVDA.

Short Positioning

We’re short this sector via SOXS (not advice, not a recommendation) with entries shown in the prior update.

There was a third entry on 7/6 (not shown), but it’s minimal size when compared to the others.

Now, on to the charts

Semiconductor Leveraged Inverse Fund, SOXS

The following chart has the current hard-stop progression and soft-stop (trader discretion) locations.

Moving in closer with the zoom version.

The ‘AI’ bulls are in their brain stem (un-thinking), enabled in their fantasy by articles like this one and this one.

Of course, there’s more like here and here but we get the picture.

Taiwan Semi (TSM) Earnings Date

At the time of this update, TSM earnings date was an estimate, now confirmed as July 20th, before the open.

It’s about to get interesting.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279