Rotation

I've looked through the charts and it seems like we'll have a little short term rotation in to retail and tech, semis as well.

I see this as a rotational shift/bounce, however it can still be a decent move so if you are looking at trades in either sector, you may want to take this into consideration.

INTC-  Although I don't see a big accumulative move, the trendline could certainly become a target, especially the way this market behaves.


 Some 15 min accumulation in INTC, but only about a day's worth, still 15 min is a significant timeframe.

 WMT is another (retail) that could certainly head for the trendline or north of it.

 The 5 min chart shows several areas where there have been accumulation at lows.

The 1 min chart going into the close seems to suggest some strength into the close or tomorrow morning.