The SOX Semiconductor ETF shows a head and shoulders pattern with a downside price objective of $456, and despite some buying interest, it has not broken above the breakdown level, suggesting further downside potential.
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Markets, Charts & Trades 14 Aug 2026
Aug 16, 2026
The creator reviews market performance for the week ending August 14, 2026, noting a breakout in the S&P 500 above its previous range. While some analysts predict higher targets for the index, the creator discusses potential pullbacks due to seasonality and upcoming midterm elections, identifying key support levels.
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Tickers discussed in this post
Jackson Financial shows strong bullish technicals, trades near book value, and is expected to grow earnings significantly, trading below its fair value based on earnings growth.
Hess Midstream (HSM) is trading at a blended PE of 13.91, below its fair value and normal market multiple, with strong bullish momentum and a dividend yield of 7.78%.
Chevron is in an uptrend with a bullish bias, showing a confirmed cup with handle pattern offering a 15% upside potential to $223.68.
The creator plans to repurchase Cormetics shares after selling some, believing in its long-term potential despite current bearish technicals and recent price volatility, supported by analyst price targets and a low P/E.
The S&P 500 broke out of its range and is trading higher, with potential for further gains or a pullback to support levels.