Shorting AMD

I shorted AMD when it hit its long-term resistance line. I got stopped out and reopened the position. There's no fundamental thesis for the trade. If AMD breaks through that trendline, it's over.

With that said, here's a bearish take AMD: Dangerously Overpriced, Here's Why

On the broader semiconductor sector, from Slope of Hope: One Possible Future (by Piano Man). The focus in on testing company Teradyne (TER) as an indicator of the sector's direction.
The best trades come when short-term indicators line up with a fundamental shift. For now it's a short-term trade that could get stopped out as soon as today given recently volatility in AMD.

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