Tim Knight's Warning! Why the Semiconductor Sector May Be Due for a Correction

Wednesday was a lifetime high across the semiconductor sector. Friday it started to crack. Tim Knight recorded this video intraday to break down what changed and why he believes Wednesday could be the major top for the entire sector. Micron fell from $1090 to $881. AMD printed its biggest drop in months. Intel dropped 10 percent. Nvidia reentered its former range after a failed bullish breakout and printed a lower high. The SMH is back inside its long-term channel after briefly escaping. Every rally attempt is now hitting the underside of the broken trend line, which Tim calls an iron wall. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Semiconductor sector breaks for the first time since March 1:30 The hanging man candle on Wednesday: what it signaled 2:30 SOXS up 27 percent: the scale of the reversal 3:30 XLK breaks medium-term uptrend, gap becomes resistance 5:00 AMD and Micron: lifetime highs to hard drops 7:00 Intel: 10 percent drop, puts working 8:30 SMH pulled back into the long-term channel 9:30 Nvidia: lower high, failed breakout, reentered old range 11:00 SpaceX IPO explanation: Tim is skeptical #Semiconductors #Nvidia #Micron #AMD #TimKnight #tastylive #SectorTop #TechnicalAnalysis tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.