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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (42)	4/29/2020 10:33:17 AM
From: ajtj99	Read Replies (1) \| Respond to of 98140

GDX and GDXJ may be finishing up bullish pennants on the daily charts, with the GDXJ one breaking up. I wonder if the Utes are part of a paired trade, which might explain their relative weakness today. SOX are strong, with the equipment makers pulling things up, AMAT, KLAC, KLIC, etc.

To: ItsAllCyclical who wrote (42)	4/29/2020 10:55:38 AM
From: The Ox	1 Recommendation Recommended By kimberley Read Replies (1) \| Respond to of 98140

Semi's should be one of the strongest sectors, as demand in this arena will stay strong for numerous reasons. A concern is to equate their strength with proof the overall economy is doing fine. I think aj is probably accurate in his assessment that the reality of what's happening to main street won't be understood by market participants for a few months. The belief that the FED, Treasury and Congress are all we need to worry about will eventually fade. Until then....party on dudes!