Chip Stocks Lead Nasdaq Rally; Taiwan Semi, ARM, URI In Focus
A bullish outlook from TSMC fueled positive sentiment.
January 18, 202410m 22s
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Show Notes
The Nasdaq outperformed even as bond yields and the U.S. dollar rose again. But breadth was suspect again, with advancers only having a slight edge over decliners on both exchanges. TSMC gapped out of a cup with handle base; ARM is holding support at its 10-week line, while URI is pulling back in orderly fashion.
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