Tech Rallies In September, I'm Adding Software And Chip Stocks

David H. Lerner Investing Group Leader Follow Summary Nvidia (NVDA) delivered strong earnings and rare, aggressive forward guidance, signaling management's intent to support the share price and driving renewed bullish sentiment. Recent clearing events—NVDA earnings, Jackson Hole, MRVL results, and enterprise software beats—set the stage for further market gains into mid-September. I maintain a disciplined approach, and will only buying NVDA at a -20% discount, but have increased positions in Marvell (MRVL) and Broadcom (AVGO) due to more attractive valuations. Despite bullish near-term prospects, I anticipate moderate correction risk before the election and aim to increase cash to 15% by mid-September. This idea was discussed in more depth with members of my private investing community, The Active Investors Forum. Learn More » AlexSecret/iStock via Getty Images Recent clearing events signal “All Clear” for further gains to mid-September Before we get to what I think will be higher stock prices, albeit in a continued volatile, stair-step fashion that we have been experiencing. I also believe This article was written by David H. Lerner 31.94K Followers Follow David H. Lerner is an analyst with a decade of experience utilizing his professional background in software consulting and technology to identify market trends and provide long and short trade ideas. David employs a combination of technical analysis and market psychology to capitalize on narratives for outsized returns. He also utilizes “Cash Management Discipline,” a simple trading style to hedge against the volatility of today’s market climate.He leads the investing group Active Investors Forum where he uncovers actionable trading and investing ideas nearly every day. Other features include: long and short swing trade alerts, daily macro analysis, weekly articles, and chat for community interaction and questions. Learn More. Analyst’s Disclosure: I/we have a beneficial long position in the shares of MRVL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.