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Technical Commentary on US Equities

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Day: May 7, 2019

Commentary

Market Summary – May 7

May 7, 2019May 7, 2019 Josef Friedman

Current weakness may be contained but real test will see if a new high can be made soon. Weakness today makes Friday and Monday action seem more like a blowoff than an indication of strong underlying demand.

Tagged IWM, MajorIndex, SPYLeave a comment
Commentary

SMH Key Levels

May 7, 2019 Josef Friedman

SMH plays Fib levels pretty well, entering an area of serious congestion. Expecting at least a 50% retrace to 109, will be an attractive buy at some point

Tagged Sector, SMHLeave a comment
Commentary

More Weakness

May 7, 2019May 7, 2019 Josef Friedman

Current weakness is becoming better defined, the most serious consolidation so far this year.

Tagged MajorIndex, VTILeave a comment
May 2019
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