Some developments of note following the previous Thursday EOD post. Of note is SMH, mentioned previously as a resilient target which this morning is outstanding for its Volume Buzz (let’s assume the SH volume buzz is short covering). Also note the 5 day trend vs the market column which favors SMH strength. The NYAD is still hovering around .55 as of this post (7:15 AM PST) so the market still has a ways a go to turn green.
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