Super SMID Granny Shot Technicals

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The chart in this report is only accessible to members

Equity trend bullish but I suspect until both DXY and TNX break trendline support that the rally could prove a bit choppier into the end of May before a stronger push higher.   SPX and QQQ’s push back to new highs finally led the DJIA to exceed 40k for the first time ever to cap off a bullish (+~1.5%) week for stocks.  Yet, S&P 500 Equal-weighted index along with DJ Transportation Avg along with many Small and mid-Cap Averages remain below all-time highs, and this larger broad-based rally will take time.   Overall, short-term trends remain bullish, and momentum and breadth are supportive of further gains into June.   NVDA’s earnings on Wednesday could prove to be a technical catalyst for the US Stock market given its 5% weighting in SPX and ongoing standing as an AI Bellwether.

Below is the technical writeup for this month’s Super SMID Granny Shot selections, listed in no particular order:

Agilysys (AGYS-$103.30)

Last week’s consolidation breakout represented the resolution of a pattern that had been present since early 2023.

-Volume expanded on last week’s breakout to the highest levels since February.

-AGYS technical pattern has been showing evidence of be...
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