Be careful, after a few strong days of trumpet rally, the Dow gapped up today and is currently doing a shooting star/Doji. Stochastics are in the overbought condition, trading has moved substantially away from the T-line, be ready for some profit-taking in the markets. The NASDAQ has not been showing as much strength over the past few days of trading. Be prepared to take profits.
November 14th Daily Market Comments
Be careful, after a few strong days of trumpet rally, the Dow gapped up today and is currently doing a shooting star/Doji. Stochastics are in the overbought condition, trading has moved substantially away from the T-line, be ready for some profit-taking in the markets. The NASDAQ has not been showing as much strength over the past few days of trading. Be prepared to take profits.