The Nasdaq 100 hasn't kicked on to the same degree as influencing Semiconductors. Today's doji did manage a new high for the rally.
The S&P edged a breakout on higher volume accumulation. Technicals returned net bullish on the breakout
The Russell 2000 continued its channel breakout but will soon be testing its 200-day MA. The breakout came with a MACD trigger 'buy' but it hasn't negated the short plays unlike other indices.
For tomorrow, look for further upside from Semiconductors and preferably a close above today's doji for Large and Small Cap indices. Doji are typically neutral candleticks, but a gap down tomorrow opens up the possibility of bearish 'evening star' / 'shooting star' candlestick patterns.
You've now read my opinion, next read Douglas' blog.
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