TRADEWATCH for Jul 16
Today's online market pulse with ranked tickers and actionable trade zones.
Online Pulse
Retail traders are cautious after July’s sharp momentum selloff, especially in semiconductors, yet strong TSMC results show that AI hardware demand remains intact.
TSMC: TSM is the cleanest setup. Revenue, profit and free cash flow rose sharply, while leading-edge chip and advanced-packaging capacity remains tight. Support appears across several serious investing communities, giving this move broader backing than a meme-driven bounce.
Micron: MU has reached a point of heavy retail capitulation after its large rally reversed. Rising memory costs still signal scarce supply and strong pricing power for producers. Watch for the decline to stabilize before treating this as a rebound trade.
Broadcom: AVGO continues to hold its recent floor while AI chip demand remains strong. A high-volume move through nearby resistance would confirm that buyers are returning and create the clearest execution signal.
Prioritize TSM today, then keep MU and AVGO on the watchlist until stabilization and stronger volume confirm their rebounds.
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