9 to 5 Trading

More summer doldrums type of trading today in this 9 to 5 market (honoring the late, great Dolly Parton). 

The first daily chart, below, is of Denison, a high beta small cap uranium miner which is outpacing its peers, technically speaking, insofar as being ahead of them pushing above its own 200-day moving average into this sector-wide rally. I am looking for peers CCJ UEC UUUU, among others, to follow suit (URA is the sector ETF). Nuclear plays like OKLO SMR are also popping but have tons of work to improve, in terms of being well below their own declining 200-day moving averages. 

As for the broad market, keep an eye on the mid-cap index, seen on the MDY ETF monthly chart, second below. The middies are lagging today and forming a possible bearish exhaustion reversal candle on the monthly, pending next Monday's close. 

Overall, today seems like a pedestrian bounce for the semis and tech plays given the rally in bonds and selloff in oil--Previous instances have seen far more ferocious squeezes in the Nasdaq than today's.