Leaders moving first?

I tried to sneak in unsuccessfully this week but it closed beautifully on the 4-week. If I was long from the actual breakout I would be holding until it closes below the 4-week. Strong stocks trend the 4-week.

Subtle strength closing above 200. Not my favorite setup but near highs while others are off highs so strong RS and looks ready to break to new highs.

One of the first to move like DELL which means they are leaders. Just like DELL these should both trail the 4-week. The 4-week makes a good way to get involved as well.

Lagging others at the moment but holding the 30-week, approaching the downtrend line, and price has been trading tight for 5 weeks. Watch for follow through next week. An open in the wick would also be out of the downtrend line.

Nice breakout after tightening up and giving a clear pivot. 4 week now is above the pivot. If this is strong it will trend above the 4-week.

Continues to consolidate near highs here while the other photonic names are relatively weak. If the group turns up this is the best looking one to lead

Breakout followed by a pivot retest. This is very common. Makes for good entries as it confirms resistance -> support flip.

Follow through and 4 week curling up underneath price. Approaching its major pivot from April. A close above would trigger an official breakout of this long base.

After resistance -> support flip it followed through powerfully last week. Looking like a semi leader if the group follows through.

Tough to trade it has wide spreads but its bottom is rounding out as it approaches the 215 area it has struggled at.

Not as strong of a weekly close as others but nothing wrong looks good. I would be interested in an entry if it traded sideways next week or the 4-week catches up.

Strong leader. Fairly tight.... failed to follow through like most software last week but if the group gets going this looks like a top name

Maybe building a base, may be breaking down. If it continues sideways and tightens up next week it will look more constructive

3 weeks tight near highs. 10-week under price supported so far.

New weekly closing high possibly breaking out of a 4 week range

Another tight week

Pushed through its resistance level and closed above it despite fading most of the move. Open in the wick or retest of the pivot would have me interested in a spot

A leader in software acting constructive. Id like to see it tighten up a bit but might not happen

One of the strongest software names still riding the 4-week. Last weeks move faded... feels like it would be better if it could build more of a base before moving again.

A retest next week of the pivot area 54-57 would be resistance -> support confirmation and a pullback to 10 and 4 week ma.

One of the cleanest downtrend line breaks in semis. It came out of a fairly tight consolidation area instead of being wide & loose. On watch for it to pause and hold above MAs before following through.

Shakeout below 30-week and last week closed above all key MAs and down trend line. A pause and inside week near the top of this candle if it happens would be a good spot to get involved.

Through downtrend line last week still sitting in the cluster of moving averages. Not my favorite chart here but if the market follows through to the upside this looks ready to move.

Shook out below the 30-week and closed through the downtrend line. High of week is the 10-week to keep an eye on it next week.

Resistance -> support flip and now above all key moving averages. Looks prime to follow through is semis continue.

After a bullish engulfing candle last week it followed through to the upside with a new weekly closing high. Its sitting on its pivot here. A retest or consolidation on the pivot could offer another spot to get involved. Watch for the 4-week to cross above also.

5 month base at highs so far. Big bases can support big moves. Worth keeping an eye on.

Sitting above its recent consolidation pivot for now and all MAs. Near pivot gives a low risk spot to get involved if semis follow through.

Above all MAs and first week out of its recent 10 week consolidation. Also has the 4 week crossing above its pivot.

No changes from last week continues to consolidate above its pivot.

Still in this 5 week consolidation since its move higher. Nothing wrong. High of week was top pivot which is evidence the pivot matters.

Break out followed by a pivot retest. So far constructive and what I would expect to see in most breakouts which is why its not worth chasing. Nice resistance -> support flip.

Clearly not a buy now if not in but strong breakout closing high of week, then follow through closing high of week. If I was in Id use the 4-week on a closing basis but this type of follow through action is what we want to see everywhere.

Above all moving averages and its consolidation pivot.

Sitting at the downtrend line and bunched up in all moving averages. Its not displaying RS in the group yet but price is notably tight and I like that.

Above its recent 4 week consolidation area still within its big base. High of week is where it has continued to find resistance so a close above would be notable. Last time it tried to push through it didnt have the group behind it.

Got stopped out of this but doing nothing wrong. Relatively weak last week vs the rest of memory but sitting on top of its recent consolidation pivot with 4 week curling up under price.

Watching for potential pivot retest or inside week

A bit wide and loose here. Respecting the 4-week so far. If its strong it will trend it.

Tough name to trade but thesis is if it breaks through 5 year level above it could be big. Tough part is getting in it trades not great. Watching to see if 75 prior resistance shows support.