Minor Gaps For Large Caps And Semiconductors

There wasn’t a whole lot to Friday’s action; Large Caps posted a small gap move break with managing a new all-time gap high.

The gap in Semiconductors cleared the consolidation from earlier in the week. Technicals are in good shape with only a potential bearish divergence shaping up in the CCI, but other technicals remaining firm

SOX

The gaps in the and experienced relatively minor gains with higher volume accumulation, which was perhaps the best action from Friday.

SPX

INDU

gains were minor but held above the 200-day MA. Aside from this, there was little more to say on this.

RUT

There wasn’t much to add for the . Technicals remain very strong with no bearish divergence of note to worry about.

COMPQ

For tomorrow, we will want more of the same an a pull away from the consolidations.

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