4-21 Take A Look

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SPX DAILY - This is where the SPX  stands with its cycle count. We experienced a bit of weakness at the end of last week, and you all know my Big Picture outlook.  This could be playing out the way it was presented in the weekend report 3 weeks and also 2 weeks ago. On the chart I wrote  week, and meant 'weak'.

SPX WEEKLY - Nothing is wrong with the weekly chart at this point, but it was rejected temporarily at the down trend line, and I want to discuss the big picture further in this report.

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Friday April 20th

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So far in the markets it seemed like Everything had been taking turns moving higher, right?  Aa a lean Green fighting machine, we've seen Tech, Biotech, Oil & Energy, Precious metals, metals and miners all enjoying a day in the limelight.  All the charts are looking great!

....Or are they?

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On a day when the NASDAQ had what would be considered a normal healthy pull back,

SOX ( Or SOXL) Semiconductors - Suddenly yesterday,  behind the beauty cracks appeared.

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