Commentary

5/10/21 Afternoon Signal xCF – Tangibility

All three major groups ended the previous 31 days up a median of .08, all doing better CO than OC. There is a general perception that the couch potatoes aren’t worth the P/E premium. Tangibility is the new in thing.

LABU has gone from almost 87 on 29-Apr to almost 57 today.

I was bullish on the weekly semis when the right side rectangle was smaller. If the intermediate 216 low is taken out, the 13 month SMA is at 199.

The little 2 day rally to new SPY highs, was likely God giving people an extra chance to lighten up.

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