It’s all about the mid-week shuffle and the technical models.

Last week I posted that the fix was in for the markets after China went on a buyers strike as Trump landed in China.

Today Nvidia earnings will be the catalyst for another move.

I can make the case that yesterday’s low in many of the tech names I follow, touching and holding their respective 18 DMA’s is a descent enough pullback if the beat goes on.

I remain unconvinced, therefore just trade price.

MU remains a great for day traders given the ranges.

My favorite ETF remains the SOXL for wiggle.

I love the way it charts and respects technical levels. Then of course it’s one fifth the SMH in dollar
commitment with a better trading profile.

I prefer the wiggle than the grind.

Metals…China comes back into focus after both China and India stopped buying.

There is no definition with Gold sitting on its 200 DMA in Yuan.