After a vicious selloff last month, Agriculture index made solid recovery in last couple of two days.Three higher lows indicated new up trend. Things like sugar and cotton are traded well. Despite very bearish inventory data, corn and wheat settled in trading range. If there is any catalyst this sector could explode.
The back-filling action of OIH confused me. Wednesday it refused to go lower as crude was smoked, making a interesting divergence. But Oil staged big rally later the week the action in OIH is very timid.
Review the daily chart of semi, it just doesn't look like an impulsive drive. Too many back-and- Forth moves now seems the entire rally come to exhaustion. it will be my primary target to short if market reverse its uptrend.
Talking about impulsive move, that is Homies in last a couple of weeks. Now it is traded above neckline and long term downtrend. It could reverse but I will buy when it works out short term overbought readings.
The most bullish on my screen? after a few months of consolidation This sucker looks being ready to go much higher.
The back-filling action of OIH confused me. Wednesday it refused to go lower as crude was smoked, making a interesting divergence. But Oil staged big rally later the week the action in OIH is very timid.
Review the daily chart of semi, it just doesn't look like an impulsive drive. Too many back-and- Forth moves now seems the entire rally come to exhaustion. it will be my primary target to short if market reverse its uptrend.
Talking about impulsive move, that is Homies in last a couple of weeks. Now it is traded above neckline and long term downtrend. It could reverse but I will buy when it works out short term overbought readings.
The most bullish on my screen? after a few months of consolidation This sucker looks being ready to go much higher. 
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