Great market uptrend! But observe the obvious, the Dow has come up over 2000 points in the past five trading days. Be ready to take profits and/or keep fairly tight safety stops in place. Somebody is likely to start taking profits. The big stocks, AAPL. AMZN, NVDA, are getting great bullish participation, moving up large percentages over the past week of trading. The strong candlestick chart patterns are producing good solid profits. Take profits on excessive price moves, there will be more opportunities to move into.
November 5th Daily Market Comments
Great market uptrend! But observe the obvious, the Dow has come up over 2000 points in the past five trading days. Be ready to take profits and/or keep fairly tight safety stops in place. Somebody is likely to start taking profits. The big stocks, AAPL. AMZN, NVDA, are getting great bullish participation, moving up large percentages over the past week of trading. The strong candlestick chart patterns are producing good solid profits. Take profits on excessive price moves, there will be more opportunities to move into.