The Closing Print live trading and financial blog during market hours.

Semiconductors have shown relative strength, with AMD bolting higher on above-average volume during the Tuesday session. This morning, the Top Ten Nasdaq 100 stocks welcome, AMD, SWKS, LRCX, and MU to the most actives. NVDA, XLNX, and INTC round out the Top 20.

On Tuesday, Google announced big news for the world of gaming at GDC 2019, the Game Developers Conference in San Francisco. The company keynote did not disappoint, revealing its long-rumored cloud gaming platform. Google said it is the “vision for the future of gaming.” Chips stocks were higher in anticipation of the event.

“Google Stadia uses a custom AMD chip to offer 10.7 teraflops of cloud gaming power.” – The Verge

Advanced Micro Devices – AMD

“Pocket pivots” or “volume signatures” typically appear when institutions enter a stock “en masse.” Tuesday, these institutional footprints appeared on the AMD chart, eclipsing the previous ten (10) days of price action. AMD bulls were persistent in their positioning, as the stock is up again this morning (+1.81%).

AMD Pocket Pivot – Note institutional ownership is growing, right panel.

Since volume precedes price and “Pocket Pivots” identify institutional interest, we are watching for confirmation today. AMD shorts will cover as well, which will add to any bullish move.

Also, keep an eye on (NVDA) this week. We are looking for a followthrough as the stock breaks out of a solid base. You can reference our comments presented on Monday and Tuesday here.

Unusual call option activity indicates further upside potential in, CREE, DOMO, DXCM, LRCX, and VNET. Stay tuned.

Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we trade AMD, NVDA and other new positions. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,



Want to become a member? Check details here:

Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advise” to enter any particular position or asset.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

Live Sessions

Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned. 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.