International Business Machines Stock (IBM)

Double top? That would be a bearish signal. IBM ($IBM) still has not filled the gap created back in early July. That said, IBM has retaken its 21-day EMA today. If it holds, the swing crowd will be back on board. The 50-day SMA would be up next. That would entice the pros to increase …

It looks like Broadcom ($AVGO) is already back for another fix. It really makes me wonder how there is enough savings in the world to do this, although the Treasury market is telling you there isn’t: Broadcom CDS Explodes As It Seeks Up To $100 Billion In Massive Off-Balance Sheet Debt Deal At any rate, …

IBM ($IBM) has trimmed its outlook. Position: None

Yes, I’ve added to IBM ($IBM) on today’s weakness. Readers will see that after falling out of bed late this past winter, the shares of IBM had developed a rectangle pattern with a $258 pivot over the following three-month period. The stock broke out of that pattern in response to the above news flow. In doing so, …

Quantum computing stocks sold off hard on Wednesday ahead of the Quantinuum IPO at the Nasdaq Market Site on Thursday. Quantinuum, which is majority owned by Honeywell ($HON), will officially begin trading later today under the ticker symbol “QNT.” On Wednesday, Infleqtion ($INFQ) gave up 12.4%, Rigetti Computing ($RGTI) gave back 10.4%, and D-Wave Quantum …