Tape all set for rally.......

TAPE had to deal with many things last few weeks from Brexit process, defeat of Trumpcare, missile attack on Syria & bad jobs report........

But we stayed above 50 DMA in major indices......

Financials are struggling below 50 DMA.....

Energy stocks are trying to move UP

Lot of inverted head & shoulder pattern in many stocks

Many stocks are moving up from long bases

Although it is a short 4 day week, Friday being good Friday holiday......

We should see decisive move higher in other major indices....

Even in this turmoil, Nasdaq kept making new all time highs on intraday basis.

SOX has been super strong all this while.....

SWKS QRVO made a break into new highs on Friday's.

As i have been highlighting for a while, stay overweight into semiconductor stocks, this is the sector that is making serious money for many.....

CY MU OCLR AMD are all ready for higher moves after resting and fighting downgrades in some instance.

Easy money is being made in SOX...deserves serious money allocation......

I only follow a select few in SOX...you can research more names in that sector IF they are as or more attractive.......

This market has been slow and steady progress towards series of new all time highs.

Correction has been very orderly and rotational, which means 70% in SOX and 30% base metals / energy / steels kept you positive on most days.

SO get ready for this almost predictable TAPE, by being in strong and emerging sector.

Good luck with your own research and comfort level.

BLOG does NOT give buy or sell.

Saleem