Trade Setups: US 10 Year, Semiconductors, and Tech Stocks

Summary

The US 10-year Treasury is seeing a slight bid as it approaches an up-sloping trend line of support, potentially bouncing around the 4.433% mark. Meanwhile, the semiconductor ETF, SOXX, is showing signs of an engulfing reversal candle, indicating a potential shift in momentum, with a key support level at five hundred fifty-five dollars and thirty-six cents. In tech, Micron surged to ninety-eight dollars and fifty cents but is expected to pull back to around seventy-seven dollars and sixty-one cents, while Nvidia is facing selling pressure and could see a further drop to two hundred six dollars and eighty-eight cents before a potential shorting opportunity. Other stocks like AutoZone and Zscaler are also showing potential entry points for day or swing trades at specific support levels, such as two thousand nine hundred seventy-nine dollars and ninety-six cents for AutoZone and one hundred twenty-five dollars and twenty cents for Zscaler, with more conservative entry points available.