Another positive day in the markets however the red flags are starting to make their presence. The big stocks like AAPL, AMZN, TSLA, and NFLX are starting to show exuberance with strong buying and Today see in big gap ups in the overbought area. This is the area to start looking to take profits. The Biotech’s are still working very well, gold stocks are still in good slow uptrends. Stay predominately long but start thinking about taking profits in charts that have moved nicely over the past few weeks.
July 13th Daily Market Comments
Another positive day in the markets however the red flags are starting to make their presence. The big stocks like AAPL, AMZN, TSLA, and NFLX are starting to show exuberance with strong buying and Today see in big gap ups in the overbought area. This is the area to start looking to take profits. The Biotech’s are still working very well, gold stocks are still in good slow uptrends. Stay predominately long but start thinking about taking profits in charts that have moved nicely over the past few weeks.