4/29/21 The Homestretch – SMH

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 quite bullish.

The announcements for AM tomorrow are doing well today, not as much tech as the PM today. I like HUN and LYB here. The chemicals are helping XLB look better than XME at the moment.

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