The Dow is currently trying to push through the 200-day moving average, in the overbought area. Watch this area closely. The NASDAQ is getting very close to the all-time highs. Watch for profit-taking. Note that charts that have exhibited strong patterns are continuing to act strong. Numerous J-hook patterns and frypan bottom’s are producing good profits.
June 4th Daily Market Comments
The Dow is currently trying to push through the 200-day moving average, in the overbought area. Watch this area closely. The NASDAQ is getting very close to the all-time highs. Watch for profit-taking. Note that charts that have exhibited strong patterns are continuing to act strong. Numerous J-hook patterns and frypan bottom’s are producing good profits.