Getting closer!

Major averages are now on the verge of going topside. We never jump the gun but with yesterday’s action, we are getting closer. There is nothing bad about a move above the range…as long as the move holds. Aren’t we geniuses?

The important part of yesterday’s action was the SEMIS. As you know, they are vital to our work along with the FINANCIALS. These areas simply have been great leaders of the market, both up and down. The SEMIS ramped well yesterday as they also now set up for potentially higher prices.

There is still a very short list of new highs but many names looking like the major indices. A break above for the indices should show many new names breaking out. Stay tuned!