Texas Instruments is one of the major semiconductors probably at the heart of the bull argument for the market going forward. Here we have a monthly chart showing a thirteen-year sideways base. Price is currently probing $37-handle resistance with earnings coming up on July 22nd.
While the breakout is not yet in the bag, turning $37 into support on any post-earnings blip (on a weekly closing bell) bodes very well for the semis and by proxy the bull rotation thesis going forward.
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It’s been a minute since I’ve been around IBC pages, so you could’ve covered this. I was wondering what your thoughts are on the market trending to a secular bull market. You’re way better at this than I am, so feel free to dismantle my elementary thought process.
increasingly popular argument…please see this post http://ibankcoin.com/chessnwine/2013/06/03/a-new-secular-bull-market-you-say/