Wednesday, April 17, 2019

Semiconductors Gap Higher; Russell 2000 Leads Lower

A mixed day for markets. The only winner was the Semiconductor Index as it gapped higher off yesterday's strong white candle. With other markets suffering losses the risk of a 'bearish shooting star' tomorrow is reasonably high.

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Monday, April 15, 2019

Quiet Day

Not much to say about today - good or bad. The Nasdaq finished with a small doji which is perhaps a little nod to bulls, but it would be a stretch to say today was a bullish day.

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Sunday, April 14, 2019

Minor Gaps For Large Caps and Semiconductors

There wasn't a whole lot to Friday's action; Large Caps posted a small gap move break with Semiconductors managing a new all-time gap high.

The gap in Semiconductors cleared the consolidation from earlier in the week. Technicals are in good shape with only a potential bearish divergence shaping up in the CCI, but other technicals remaining firm

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Wednesday, April 10, 2019

Russell 2000 Returns Above 200-day MA

Another day of low key gains with the Russell 2000 doing most of the leg work.  The Russell 2000 returned above its 200-day MA after rebounding off the moving average yesterday. The Russell 2000 is still underperforming against the Nasdaq, but it's working towards fresh leadership.

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