NDX is a market leader. Even with the positive surprises from the over valued AMZN, FB and LNKD, tech/internet companies are under big pressure. NDX-SPX is just plain ugly. This…
We noted the NDX/SOX roadmap in a post on Wednesday using weekly charts. SOX daily is doing something not very nice at the open. The Semis are a leader for…
HUI has, barring a spectacular reversal, cleared the most recent target of 211 and with unrelenting strength. I have added RSI to the weekly chart we have used to plot the bull market signals of 211 (door opener), 251 and 261 (confirmers). RSI is getting over bought. The implication is that when a correction comes it is going to be an extended affair unlike the sideways to down consolidation and small bull flag pullbacks to date.