Aug. 17 at 12:02 PM
Market Prep | Week commencing Aug 17
Light week for fundamentals. FOMC minutes and not much else.
→ Memory +
$SMH leading with gap up opens
→ Relative weakness in software, inverse relationship intact
→ Watching if the MAGS bulls hold that daily bull flag
→
$GC.X and
$SI both set a quick daily higher low off Friday's low, flags alive
→ Photonics, Neoclouds and the other sub-sectors bringing the volatility
Daily and hourly uptrends stay the guide. Burden's on the bears to show us something's shifted.
I'm staying bullish until the market says otherwise.