The Black Box

[James Bondage]

I'm actually quite pleased with this outcome today, although I'm on the wrong side of the trade. The SMH and SOX no longer have triple bottoms to contend with now. All it takes is this to get us up and going finally. I'll stay with the long crowd now for quite some time...

The NDX as an index might fail here. And MSFT looks to be going lower. But I think the midcap chips may now be safe and THE PLAY for the remainder of the year.

BTK should make one more fast breakdown (not enough to take out the lows) and up and away too. SGEN causing heartburn, but DNA about ready to make up for it...