The recent weekly view of SMH. The action of the last four weeks is quite similar to the weak Feb to early March period except there is no volatility. Note the large bottoming tails, and relatively short black bodies. This could be a double top forming, but the more likely interpretation is that this is… Continue reading 4/29/21 The Homestretch – SMH
Day: April 29, 2021
4/29/21 The Far Turn
Ugly looking reversal from the open, that looks a lot worse than it probably is. Seems like they are turning up the heat on earnings players. The earnings stocks are doing significantly worse than the overall market. The question whether it is a shakeup or shakeout is interesting. My guess is shakeout. A bit of… Continue reading 4/29/21 The Far Turn
4/29/21 Current Signal xCC More Earnings
PM Earnings There were 42 morning announcements. Of the PM group, MVIS broke above 19 on Monday and has been swinging wildly between 20 and 28. It's near 20 now. The natural log 2.40 for it's 7 month return is 11 times the original investment. 0.40 for the median return for all these equities is… Continue reading 4/29/21 Current Signal xCC More Earnings
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