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The Fed’s tightening puts hard pressure on the broad stock market and chip makers are not the exception. The strong labor market statistics and ongoing inflation pressure supports the hawkish mode.
If one thinks that the sell-off might be over, there is a chart below that I spotted a disastrous model for a well-known chip maker Advanced Micro Devices, Inc. (NASDAQ:AMD).
You definitely know this chart pattern I spotted for you. It is a Head & Shoulders reversal model. Last time this notorious chart pattern appeared in my posts was in May on the chart of Ethereum cryptocurrency. I updated it for you below to illustrate the historical sample.

Source: TradingView
As soon as the price crossed below the Neckline beneath $2,400, Ethereum collapsed as it had lost a tremendous 66% down in the valley of $884 in June from the post level of $2,564.
This is how this model has played out before and that is what we could expect in the next chart of AMD below.
Source: TradingView
The Head & Shoulders pattern (pink) here is more balanced compared to up-sloped model in the Ethereum chart. The Neckline touch points are located almost exactly at the same level of $72, hence it is a flat line. The Head is quite tall above the wide Left Shoulder and the narrow Right Shoulder. The top of a latter offers a strong resistance and the invalidation point.
The 52-week moving average (purple) fortifies the above mentioned resistance as it is located in the same area.
The price has already crossed down the Neckline of $72 and the collapse only accelerated. The target rule requires us to subtract the height of the Head from the Neckline, this math results in a negative number of minus $21. The stock price can’t go negative; thus it means the total annihilation of AMD price as it was earlier indicated for Ethereum.
Indeed, the latter fell sharply, however, its price has still four digits not a single-digit. Instead of a doomed target, I highlighted two supports in the chart to watch.
The next support is located in the area of 2018-2019 tops and 2020-year valley at $34. Currently, this price tag corresponds to the book value of the stock. Amazing coincidence of technical and fundamental levels.

The last support in the double-digit area is located at the top of the 2017-year and valley of a 2018-year at $16.
AMD announced preliminary third quarter 2022 financial results last week. According to a press release from the company, revenue is anticipated to be $5.6 billion, which is much less than the initial prediction of $6.7 billion.
“The PC market weakened significantly in the quarter,” said AMD Chair and CEO Dr. Lisa Su. “While our product portfolio remains very strong, macroeconomic conditions drove lower than expected PC demand and a significant inventory correction across the PC supply chain.”

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Intelligent trades!
Aibek BurabayevINO.com Contributor
Disclosure: This contributor has no positions in any stocks mentioned in this article. This article is the opinion of the contributor themselves. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. This contributor is not receiving compensation (other than from INO.com) for their opinion.

There are many factors in play when it comes to a company’s ability to succeed and reward shareholders.
One of the most difficult factors to measure has been human capital.
Current accounting methods treat human capital as a current or future expense.
Real estate and production equipment add to the balance sheet. However, a highly-skilled (and well-paid) workforce just detracts from profit and value.
In short, measuring the value of human capital in a business has been downright impossible. How do you quantify who has the best employees or how driven the employees are to drive corporate success?
How do you know when employees feel engaged, feel empowered to innovate, and feel like both the management and the mission align with their values?
Famed author and behavioral economist Dan Ariely is a founding member of Irrational Capital. This investment research firm that has unlocked the connection between companies with a high level of human capital and success in the marketplace.
Irrational Capital’s Human Capital Factor (HCF) Index has the potential to change how businesses are valued forever.
Catch Dan’s interview with TIFN CEO Vinay Nair where Dan explains the research behind HCF and Habor Corporate Culture Leaders ETF (HAPY), a fund based on his research.

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Over the last 25 years, Exchange Traded Funds have seen incredible growth in the number of offerings. The increase is due to the high demand from investors, and because of this, ETF issuers are constantly coming up with new products they feel investors will want.
For example, in September this year, we saw 53 brand-new Exchange Traded Funds offered to investors. As you can see, this seems like issuers are essentially throwing a lot at the wall to see what will stick and what will not.
For the individual investor, it can be hard to dig through all the new offerings and determine which are viable investments and which are unlikely to produce market-beating returns. Today I will point out a few recent ETFs that I think are worth digging deeper into and, at the very least worth knowing, are available for investors to buy.
The first is the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares ETF (EVAV). This ETF is a two-times leveraged investment focused on the electric vehicle and autonomous driving industry.

We recently saw New York state following California’s lead, which will not allow new gas-burning vehicles to be sold in the state starting in 2035. With two of the largest states in the country moving towards banning sales of internal combustion engine-powered vehicles, the only option drivers will have in those states is to buy electric vehicles, pushing demand for EVs higher.
Furthermore, it is unlikely that all states in the US will make these laws with the same timeline, the year 2035, but it is hard to deny that other states won’t follow along in some form or fashion.
It also should be noted that the mass adoption of EVs is still probably years away. So while you look at EVAV, investors need to remember that it is a leveraged product. Meaning contango will occur, and thus EVAV is not an investment that should be held for long periods of time.
If you are looking for an ETF that you can buy today and have for decades to come, something like the iShares Self-Driving EV and Tech ETF (IDRV) would be an excellent place to start looking.
Next, I would like to point out the Defiance Daily Short Digitizing the Economy ETF (IBIT). The IBIT is an actively managed fund-of-funds that will offer inverse exposure to the Amplify Transformational Data Sharing ETF (BLOK). BLOK is an ETF that owns companies focusing on blockchain technology.
So if you believe the blockchain technology that Bitcoin, Ethereum, and all the other cryptocurrencies have been built on is not as valuable as others feel it may be, IBIT is a good investment for you.
I want to stress that this doesn’t mean that you think Bitcoin or any cryptocurrency is overvalued. It simply means the technology that they use to operate, and therefore the companies using that technology to do new things and make new products are not as valuable.
Lastly, IBIT is an inverse ETF; consequently, it, like EVAV, will experience contango and thus should not be held for long periods.
The last group of Exchange Trade Funds I would like to highlight is the family of new offerings from Direxion, their group of single-stock ETFs. Investors can now buy Direxions single stock ETFs for 1.5X bullish and 1X bearish exposure in Apple, Amazon, Google, Microsoft, and Tesla.
Direxion Daily AAPL Bull 1.5X Shares (AAPU)Direxion Daily AAPL Bear 1X Shares (AAPD)Direxion Daily AMZN Bull 1.5X Shares (AMZU)Direxion Daily AMZN Bear 1X Shares (AMZD)Direxion Daily GOOGL Bull 1.5X Shares (GGLL)Direxion Daily GOOGL Bear 1X Shares (GGLS)Direxion Daily MSFT Bull 1.5X Shares (MSFU)Direxion Daily MSFT Bear 1X Shares (MSFD)Direxion Daily TSLA Bull 1.5X Shares (TSLL)Direxion Daily TSLA Bear 1X Shares (TSLS)
Direxion’s single stock offers are a direct competitor to AXS Investments’ single stock offers, which is great for investors since we now have competition in this new realm of ETFs.

Not all new ETFs are good, and not all are bad. They each have their place and investor they are focusing on pleasing. But some are worth knowing more than others, which is why you should check back once a month or so to see which new ETFs I feel may help you invest better. Also, leave me a comment below and let me know what you think about the ETFs I highlighted above.
Matt ThalmanINO.com ContributorFollow me on Twitter @mthalman5513
Disclosure: This contributor did not hold a position in any investment mentioned above at the time this blog post was published. This article is the opinion of the contributor themselves. The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. This contributor is not receiving compensation (other than from INO.com) for their opinion.