Semiconductors See Best Of Day's Action; NASDAQ 100 Gains
Declan Fallon | Feb 22, 2017 12:06AM ET
The long weekend didn't give bulls reason to pause. Instead, yesterday it was gains all around. The biggest winner was the Semiconductor Index as it logged nearly double other indices' gains. This was enough to return 'sell' triggers in MACD and CCI back to 'buy' triggers. It also worked the index off rising support.
The NASDAQ 100 and NASDAQ gained alongside the Semiconductor Index. Little to say other than trail stops.
Small Caps posted gains which were second to that of the Semiconductor Index. While the Russell 2000 is slow to partake in the 2017 party, yesterday's action offered a sound tip of the hat to bulls.
Shorts have little to look forward too. Bulls need to ensure they don't let profits slip.
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