Another quiet day, but there were a few breakouts: DLTR and BWLD to name a couple. ISLE fell hard after disappointing on earnings, but remains above its recent low.
The SMH is setting up a nice squeeze, which looks like it will break out to the long side.
I am expecting volatility to increase next week. The last day of August and the first day of September are historically positive, so it would not be surprising to see some strongly bullish action Monday and Tuesday. Selling on Tuesday would be a big cause for concern.