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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: SGJ who wrote (126890)6/21/2019 12:41:29 PM
From: GROUND ZERO™1 Recommendation

Recommended By
Mevis

  Respond to of 222297
 
The exact same thing here... meanwhile, I'm still short some SOXX and a signal on the SOXL would turn me long...

GZ



To: SGJ who wrote (126890)6/21/2019 2:37:43 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 222297
 
The tech group is holding up amazingly well considering the semi group is falling to the shredder...

GZ



To: SGJ who wrote (126890)6/21/2019 2:43:43 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 222297
 
FYI: The weekly buy wiggle for the SOXL won't likely complete today... it not only has to close above the high of two weeks ago, it also has to close near the high of the range of this week... it's too weak today to meet that requirement... maybe it might rally in the next hour or so, but it just doesn't seem likely right now...

GZ



To: SGJ who wrote (126890)6/21/2019 6:52:49 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 222297
 
Here's the SOXL after today's action but the chart is upside down...

This gives us a fresh look at the chart we may not otherwise see...

Frankly, looking at this chart upside down it looks bullish...

The TQQQ upside down chart below also looks bullish while upside down...

While both look suspect, I think the SOXL looks more intimidating right now...




GZ