Cobra's Market View

4/1/21 FactSet polled "analysts" and revealed the Semiconductor stocks with the most 12-month upside potential.
Note: QRVO and TSM were on the list but I couldn’t fit them in here
Daily

Also SMH is 1x and SOXL is 3x

SPY 5. Riding high.

SPY weekly. All time high. "To the Moon, Alice."

Again, the very 1st touch of EMA20 likely will be bought but it also means the rebound sometimes is the last push up of the day.

Here is a good one, in my opinion. HYS.

Have a good weekend, Everyone.

Breakout should be more likely now.

BECAUSE OF CHIP SHORTAGES:
WSJ reports Ford said Wednesday it would suspend production for two weeks in April at its truck plant in Dearborn, Michigan. At its Kansas City, Missouri truck factory, the company announced production suspensions for up to a week. There are also preparations to reduce work shifts temporarily and eliminate additional overtime shifts at several other factories.

Ford has previously stated the chip shortage could lower its earnings by at least $1 billion - $2.5 billion this year. Ford reaffirmed its guidance this week but is expected to provide a more in-depth report on the semiconductor shortage when it publishes quarterly results on April 28.

QQQ encounters resistance at potential triple top
momentum suggests it can break out
so why didn’t it?
(not pictured here: SMH broke out, NYFANG did not)
4 hour chart

Bought a used car a week ago. Sales manager said Chevy has told them certain models are done for the year, they won't see any until the 2022 roll out. The shiny aluminum trailer we now call home is one year out on orders.

RECORDING: What you want to know but are AFRAID TO ASK https://youtube.com/watch?v=P06C1UssWDA
@steenbab

Chillin'
https://www.youtube.com/watch?v=5D6lrkc81Js

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377