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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: humble1 who wrote (25764)	4/9/2017 1:14:19 PM
From: robert b furman	Read Replies (2) \| Respond to of 41052

Hi H1, Read that Banks and Energy will continue recovery and semis are going to print money. Industry groups have confirmed semi chip shipments have exploded in the low to mid teens for both January and February - seasonality is on our side. 2018 autos start getting built in late June to July depending on retail or fleet order sequencing. Every year new vehicles add big $ worth of chips per vehicle - this has been and will continue to drive chip shipments. New I-phone will require a huge inventory ramp up as Samsung has now made available a S-8 and S-8+. I think the ramp that Sox and SMH have recently had are just continuing. Wall Street has been raising price targets on many chip makers. 2cs reversed to more bullish as of Friday. 10 day and 30 day clx look exciting starting Wednesday. We may be watching a double ABC corrective wave with the final ABC completing much faster (in terms of time) from the longer (in terms of time) first ABC: 60 minute time frame: screencast.com 5minute time frame: screencast.com I like how fast stochastics has coiled on the lower line - suggests not much waiting left to go as both clx and 2cs studies suggest a reversal is imminent (plus or minus 2 days). In my mind it has been a bit of a nervous time period that has stalled the market after it got ahead of itself after the election. I always get excited when I see a corrective go long enough in time to give us a reset in Macd. Noting that the reset always takes a few more days to make wave 4 up look anemic, and then give us 5 down that is the final test to the patience of investors - that is where I suspect we are right now. Interesting that the Macd reset never went below zero, yet look at the selling that CCI shows happened much like the previous decline that did have Macd go negative back in November of 2016 - positive divergence? Price has held it new lofty levels, as time has allowed a reset. = strength The negative to that may be that this is just a bigger A and a lot more time is needed for the reset. That is a thought not really supported by anything other than fear. Bottom line we're in a continued BULL Rally until proven otherwise - all surprises in a bull are up. The delay will be over soon, if earnings come in as positive as the high frequency economic indicators we've been receiving from other global markets that have been confirming an economic reflation is at hand. A reflation so strong that both Japan, Euroland, and EVEN emerging markets have been all called stronger! Powerful bull launch is imminent ! This next week!! If you are short - get long If you are long - get more I hope we get your gapper upper on Wednesday. Bob