$PMTS – UPDATE: +0.61R, Got What I was Hoping For

In the last update I was liking the move but hoping for a big volume day in the channel. Well, today that is exactly what I got. A strong move on big volume makes me like it even more. The one concern still is the RS. It’s super strong in the IT sector, but the sector is lagging the SPX. However, the IT sector is rising against the SPX, which makes me feel a little better about that. Hopefully, the next stop is the point of least resistance.

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