I shared pre-market Monday morning that aggressive investors should pick up the NDX 100 (see post here) due to the potential that the NDX could roar ahead in the chart below.
CLICK ON CHART TO ENLARGE
The NDX has reflected decent relative strength this week gaining over 3% so far. The chart below updates the NDX and illustrates that the Semiconductor ETF (XSD) are both having a small degree of success at taking out prior highs.
CLICK ON CHART TO ENLARGE
Game Plan…Own both of these with 4% trailing stops.
Chris,
Check out SKF – US Financials are are also having troubles this morning. Falling wedge on this one also near competion.
cjk
Chris,
The brief rally in China (shanghai 25) may have just ended at resistance (falling price channel). Precursor for global stocks?
cjk
Hi Chris,
Looks like rising wedges have formed and are near completion for a number of indexes including russell and nasdaq 100.
cjk