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Final Bullets


Wake up call!


  • Any way you slice it, this is a nastola reversal for the semiconductors. Applied Materials (AMAT:NASD) is now down on the session.

  • The second NASDAQ gap (from Monday's open) is now being filled.

  • The S&P pennant is the Spooz are starting to fill Monday's gap as well.

  • Breadth 2:1 negative.

  • Energy issues hold firm.

  • Gold hasn't budged all session.

  • I would "think" S&P 1150 gets pinned but, with that said, trapped bulls are unpredictable.

  • Seeing sizable SMH (semi holders) for sale.

  • The non-confirmations and negative divergences remain.

  • The last 30 minutes are pretty important technically as traders either add for the "inevitable" breakout or dump their anticipatory purchases.
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Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

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