Semiconductors Finishes With An Edge On The Bulls
Declan Fallon | Sep 18, 2014 12:19AM ET
It was a roller coaster day, but the Semiconductor Index was the one to finish with an edge to the bulls. It looks like a break of 652 will happen sooner rather than later, with the swing low at 631 a handy place to mark risk (for a stop).
For the NASDAQ 100, yesterday marked a positive test of convergence between the channel and 3,998. A breakout in the Semiconductor Index will help the Nasdaq 100 get to the top of the channel.
The NASDAQ is holding to the 'bear trap'. By week's end, a challenge of 4,610 would not be unlikely.
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