Courtesy of Declan.
The long weekend didn’t give bulls reason to pause. Instead, it was gains all around. The biggest winner was the Semiconductor Index as it logged nearly double other indices gains. This was enough to return ‘sell’ triggers in MACD and CCI back to ‘buy’ triggers. It also worked the index off rising support.
The Nasdaq 100 and Nasdaq gained alongside the Semiconductor Index. Little to say other than trail stops.
Small Caps posted gains which were second to that of the Semiconductor Index. While the Russell 2000 is slow to partake in the 2017 party, today’s action offered a sound tip of the hat to bulls.
Shorts have little to look forward too. Bulls need to ensure they don’t left profits slip.
You’ve now read my opinion, next read Douglas’ blog.
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