November 29, 2022
By Scott Redler
I just wanted to pop in for a quick update on Taiwan Semi (TSM).
Apple (AAPL) has been seeing a lot of negative headlines out of China, and there are lots of reports of disruption to iPhone production.
AAPL is a TSM customer so this could be concerning.
However, TSM held above yesterday's low and it's now up about 1%.
This is healthy action.
And now I want to see it stay above $79.16 (today's low).
Overall, the action is lethargic and choppy into Powell tomorrow.
So let's keep taking things one day at a time, as best we can.
Stay tuned for more updates.
Scott Redler Positions Disclosure as of 2022-11-29 at 10.52.04 AM