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MMM looks like it will soon join the likes of GE and TYC in their uptrends. It is still below resistance but having cleared its 200 day moving average it appears to be carving out a near-term bottom.
SYNM also looks like it will soon be reaching for new highs. Has a nice tight risk-reward ratio while it holds above the recent gap.
Overall I expect the beginning of next week to be strong. Maybe some risk that we get a delayed negative reaction to the tsunami but seasonality and a well-rested uptrend should win the day. The semiconductors may be a good long in here as they are due for some rotating capital. I mentioned some head and shoulders patterns in AMAT and KLAC a couple weeks ago but the necklines have not been violated. The failure of that pattern might have left shorts squeezable.
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