The markets are starting to show some warning flags. The transportation index is selling off excessively strong. The NASDAQ has Gapped Up in the overbought condition. AMZN has Gapped Up, FB has Gapped Up. Exuberance is starting to creep into the markets. Be careful, these are signs of potential reversals. Be ready to take profits on trades that might start showing sell signals in the overbought condition.
July 27th Daily Market Comments
The markets are starting to show some warning flags. The transportation index is selling off excessively strong. The NASDAQ has Gapped Up in the overbought condition. AMZN has Gapped Up, FB has Gapped Up. Exuberance is starting to creep into the markets. Be careful, these are signs of potential reversals. Be ready to take profits on trades that might start showing sell signals in the overbought condition.