Tuesday, February 21, 2017

Semiconductors Have Best of Day's Action

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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Dr. Declan Fallon is a blogger who trades for fun on eToro and can be copied for free.
. I invest in my pension fund as a buy-and-hold.
 
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