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SOX out of the gate strong today


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#1 K Wave

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Posted 18 May 2016 - 08:51 AM

trying to reclaim hourly 900 upside...until 638 is busted, bears could be running outta time quickly...an hourly close over 646 probably puts SOX back  in bull mode...

 

if bulls fail to push through right here, and 638 falls, then bears will have won the battle...

 

Trannies also look to be putting final pivots at battle of 7600 here as well, so directional trade should be dead ahead....

 

 


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#2 K Wave

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Posted 18 May 2016 - 08:56 AM

TLT getting slaughtered...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 SemiBizz

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Posted 18 May 2016 - 08:59 AM

RUT can run all the way to 1108 here...

 

Full Moon Swoon into Saturday, Mercury Direct on Sunday...

 

What could go wrong?  (over a weekend)

 

napoleon.gif


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#4 redfoliage2

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Posted 18 May 2016 - 11:12 AM

RUT may try to back-test the broken shoulder line at 1113 on the fully developed H&S top,  but the chance is not too good:

 

http://stockcharts.c...id=p13444836016


Edited by redfoliage2, 18 May 2016 - 11:13 AM.


#5 K Wave

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Posted 18 May 2016 - 12:29 PM

OK, SOX now taking aim on next big target around 660...

 

If bears fail to hold that area, more intermediate term will start to look problematical for them...but if they hold, and subsequently reclaim 646, this could be final upthrust move before rollover...

 

methinks this AM pivot low is YUUGE now....bears got nuthin' until they bust it...

but if they do, along with NAZ summation going back below zero line, could be an Ugly June....


Edited by K Wave, 18 May 2016 - 12:29 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#6 SemiBizz

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Posted 18 May 2016 - 12:38 PM

From Today's RUT Forecast:

 

RUT DOWN DAY ON STRONGER VOLUME - RUT did open at 1115, fell initially to 1110, rallied to the high of 1118, then that price was roundly rejected and RUT fell to the low of the day at 1094, and finished at 1097 or down a HUGE 18 1/2 points on the day.  We did see congestion in that 1108-1113 as it initially held up, but eventually it broke down dramatically and dropped sharply to the low of 1094.  So from the 1097 area here we can always make another run at that 1108-1113 confluence area on any sudden or sustained rally...


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#7 SemiBizz

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Posted 18 May 2016 - 02:10 PM

BKX up HUGE today... Almost 4% !!

 

I understand how a rate hike is good for banks...

 

But SEMIS?  SOX up 2%

 

Can't quite understand the math on that logic.


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#8 dasein

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Posted 19 May 2016 - 07:22 AM

inflation fears seems to me -

 

Semi is this your neighbor?

 

http://www.reuters.c...=US Deals Today


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#9 SemiBizz

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Posted 19 May 2016 - 09:08 AM

inflation fears seems to me -

 

Semi is this your neighbor?

 

http://www.reuters.c...=US Deals Today

 

Nope, that's Half Moon Bay, this has been going on for years now...


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Volume is the only vote that matters... the ultimate sentiment poll.

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