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TSMC, a technical opportunity?Have the technology sector and the semiconductor segment completed their short-term retracement? This is currently the dominant technical issue, given the technology sector’s significant weight in the S&P 500 index. When we think of semiconductors, the reflex is to think of Nvidia. But if you think of Nvidia, then you should immediately think of TSMC. 1) TSMC, the global semiconductor barometer TSMC (Taiwan Semiconductor Manufacturing Company) is the world’s leading contract semiconductor

US Technology Sector: Bullish Trend in November?US technology leaders listed on the stock market published their quarterly results in October. There were some disappointments given the scale of AI CAPEX, but there were also strong results and positive profit outlooks. The overall picture is therefore balanced following these quarterly results from the US technology sector, particularly in the semiconductor segment. One question arises following these quarterly results: is the US technology sector, which accounts for 35% of the S&P 500, stil

According to the Forward P/E, the S&P 500 is cheap The S&P 500 index continues, week after week, to preserve its underlying bullish trend. Correction phases remain confined to the short-term horizon, while technical support levels repeatedly revive the broader positive trend. A trend can be reignited several times, but it only reverses once. And the underlying trend of the S&P 500 will turn bearish when the valuation of the US equity market becomes excessively high. My previous analysis on S&P 500 valuation dates back to September, and since t

Ibovespa Index (Brazil): Should You Buy the Sell-Off?Luiz Inácio Lula da Silva’s victory in Brazil’s presidential election triggered a sharp reversal in the Brazilian stock market. After rising strongly in anticipation of a political change that would be more favorable to businesses and public-finance consolidation, Brazilian assets plunged last week. The country’s main stock market index, the Ibovespa, fell by more than 20%, while the real suffered its worst trading session in more than two decades. 1) Does this correction represent a buying o

SpaceX: Can We Still Buy?At the beginning of last August, I published an analysis of SpaceX stock when the share price had fallen back to around $110. The correction had exceeded 50% from the IPO, and I raised the question of whether this decline represented an opportunity. Since that analysis, the stock has rebounded to $175, and SpaceX has published its third-quarter 2026 results, reporting a positive net income for the first time. Given these new fundamental data points, is SpaceX stock still attractive in terms of

SOX (Semiconductors): Watch the 200-Day Moving Average The semiconductor sector has corrected by more than 26% from its all-time high reached last June on Wall Street. This segment of the technology sector generates the largest profits within the US stock market, and it also has the most significant profit growth prospects thanks to the explosion of AI-powered data centers. AI GPUs, AI memory (HBM), etc.: all of these hardware components are experiencing very strong demand growth, with an outlook that remains broadly bullish. So, should investors

Strategy: Two Decisive Dates Are Approaching Strategy stock is entering a particularly important period. Two events will attract investors’ attention over the coming weeks: the company’s quarterly earnings release on October 29, followed by MSCI’s decision regarding the treatment of Strategy in its indices, expected on November 11. MSCI has just unveiled the conclusions of its consultation concerning companies considered “non-operating.” Strategy, due to the increasingly important role played by its Bitcoin holdings on its balance sheet,

Chinese Stock Market, Is It a Good Time to Buy?The Chinese stock market has corrected by more than 20% since last spring, a retracement of an uptrend that was strong throughout 2024 to 2026. This retracement is taking place against a backdrop of rising imported inflation due to the geopolitical situation, the resulting slowdown in Chinese household consumption, and the continued difficulties facing the Chinese real estate sector. However, retail sales figures published in China for September appear to indicate a clear rebound in Chinese hou

Fed, a Status Quo Likely on October 28 Despite Inflation The latest US inflation figures released according to the CPI and PPI have been disappointing, showing that oil prices have had an upward impact on headline inflation, while core inflation remains above the Fed’s 2% target. The chart below shows annual US headline inflation according to the CPI. Note that all US economic statistics are available on TradingView. Ultimately, all three measures of US inflation are still at levels that are too high for the Fed to consider cutting the federal fund

Basic-Fit, a Stock Market Opportunity?Basic-Fit stock has recently corrected by more than 25%, and this correction could represent an opportunity to position for the underlying bullish trend. To determine whether this is indeed an opportunity, I will review the fundamental valuation factors and the insights provided by technical analysis of the financial markets. The chart below shows the daily Japanese candlesticks for Basic-Fit stock. 1) Basic-Fit, a business model that is set to generate cash Basic-Fit has several fundam

McDonald’s: when should we buy the shares again?McDonald’s stock has corrected by more than 30% from its all-time high in February. Does this massive decline in one of the most famous US stocks represent a buying opportunity? To answer this question properly, we need to examine the fundamental reasons why the stock has lost 30% of its market value in six months, and determine whether, following such a correction, it has become attractive again in terms of valuation and technical analysis of the financial markets. The chart below shows the d

Bitcoin and Altcoins: Two More Years of a Bull Market?Bitcoin hit a cyclical low of $57,750 on July 1. Since then, 107 days have passed, and the market has entered a new recovery phase. However, an analysis of historical cycles suggests that this rally may still be in its early stages. Bitcoin: A Bull Market Still in Its Early Stages A market recovery never unfolds in a straight line. Even when the underlying trend turns bullish, consolidation phases and temporary corrections remain inevitable. These pullbacks are an integral part of the cycle

Dow Jones, a stock market index not to be overlooked The Dow Jones index corrected by more than 7% between the beginning of August and the end of September and has now been recovering since the beginning of October. It is true that this stock market index is increasingly overlooked compared with the S&P 500 or the Nasdaq, yet it is one of the oldest US stock market indices and has a particular feature that makes the analysis of its underlying trend a relevant indicator of the health of the US equity market. In this new analysis published on Tradi

OpenAI, an IPO in Early 2027?Last Monday, I published an analysis on the major IPOs coming to Wall Street at the end of 2026 and in 2027 and 2028. Naturally, Anthropic is currently the IPO attracting the most attention, as it is expected to take place this November on the Nasdaq. But if Anthropic (AI agent Claude) is coming to the stock market soon, it is important to keep in mind that OpenAI (AI agent ChatGPT) should follow in early 2027. In fact, everything is already ready on the TradingView website to welcome OpenAI

Euro Dollar: Should You Take Advantage of the Decline to Buy?The euro-dollar exchange rate has lost more than 7% on the Forex market since its annual high reached last January. It is essentially the euro exchange rate that is under downward pressure from the widening of bond yield spreads within the Eurozone, particularly because of France's fiscal situation. More generally, the divergence in the macroeconomic situations of Germany (the largest economy in the Eurozone) and France (the second-largest economy in the Eurozone) puts the European Central Bank

ANTHROPIC, a $2 Trillion IPO Before Thanksgiving?You necessarily know the company Anthropic; or rather, you necessarily know Anthropic's Claude, the global AI assistant star alongside ChatGPT and Gemini. Claude/Anthropic, ChatGPT/OpenAI and Gemini/Google: the leading trio in AI agents! So, did you know that there is a strong probability that Anthropic will go public on the Nasdaq in November? Yes, indeed, and things are already very advanced. The particularly interesting point for Anthropic is that Claude Code has become extremely powerful

Gold & Silver Mining Companies: Two Indices to Analyze Where does the underlying trend in gold and silver prices currently stand in the commodities market? This is a question I often address through my analyses published on TradingView, as gold prices reached a cyclical high above $5,000 last January. To answer this question, technical analysis of gold prices combined with fundamental analysis of supply and demand produces good results. In this new article published on TradingView, I also wanted to highlight an additional tool that can help optimi

Is MICRON stock still cheap?Will the underlying bullish trend in the S&P 500 continue through the end of the year? As you know if you read my daily posts on TradingView, the answer to this question requires both technical and fundamental considerations. A stock market index only exists because it is made up of individual stocks, and these stocks are distributed across different sectors. Among these sectors, technology is the most decisive, given its weight in the index calculation and its contribution to overall profit ex

France/Germany Yield Spread, Maximum Pressure.At the beginning of September, I published an analysis on TradingView highlighting the risk that the bond yield spread between France and Germany could widen significantly. Indeed, a bullish technical pre-signal had emerged, and since then the yield spread has surged to levels last seen in 2011, during the European sovereign debt crisis. Below is the analysis I published at the beginning of September. You can see that since then, the long-term yield spread between France and Germany has increas

Q4 in the Stock Market, What Will Matter We are now in October, which means that the fourth quarter of the year has begun. As at the start of every new quarter, the exercise is the same: review the previous quarter (in this case, the third quarter) and try to project the trend for the new quarter, namely the period running from now until the end of the year. Fundamental and technical analysis will be combined to enable financial analysts to provide their outlook for the end of the year. Here on TradingView, I regularly share my market

S&P 500: The 12-Month Target of Institutional Investors In an analysis published on TradingView last week, I explained the main reason behind the continuation of the stock market’s underlying uptrend: valuation. Corporate profits and earnings prospects for S&P 500 companies are so substantial that, despite the index reaching new record highs, the stock market is becoming increasingly cheap in terms of valuation, according to the P/E ratio and forward P/E. You can click on the chart below to read my analysis on this topic again. You may now be a

STRATEGY Stock, Watch Out for October 16, 2026 The rebound in bitcoin has allowed Strategy’s share price to recover significantly from its yearly low on June 26. But as the stock attempts to regain an upward trend, a fundamental event could have a major influence on its performance in the fourth quarter: October 16, the date by which MSCI is expected to announce the results of its consultation on the eligibility of certain so-called “non-operating” companies for its indices. 1) MSCI: The October 16 Deadline MSCI is currently considering

Take-Two Stock: Is GTA 6 an Opportunity to Buy Back In?Take-Two’s share price has fallen by more than 25% on the stock market since its all-time high on July 7, amid a negative net income situation for the company. The chart below shows the daily Japanese candlesticks for Take-Two stock. However, the planned release of GTA 6 on November 19 could put the group back on a path toward financial profitability. At the current share price, Take-Two’s forward P/E ratio stands at 28, meaning the market is pricing in a major commercial success for GTA 6. A

The Interest Rates That Matter to High Finance US market bond yields have recently reached new highs amid uncertainty surrounding inflation prospects, geopolitics, monetary policy, and public debt. However, it is important to keep in mind that market bond yields have different roles and meanings depending on their maturity, i.e. their time horizon. Three US interest rates play a dominant role: · The US 2-year Treasury yield · The US 10-year Treasury yield · The US 30-year Treasury yield To summarize, remember that: · The 2-year Treasu