Daily Watch List Update
MARKET NOTE: Dear Members: Traders remain in a buying mood with all of the major indexes higher. The NASDAQ remains technically overbought; maybe we better get used to that for a while. Market "comfort level" is high with the VIX remaining below all…
MARKET NOTE: Dear Members: It should be difficult for the market to make much progress here with the NASDAQ so stretched with the S&P and possibly putting in near term tops as well. But traders are in refusal mode; refusing to sell their stocks. The…
MARKET NOTE: Dear Members: The market is fairly flat as we begin a new trading day and week. The NASDAQ has quietly moved above 6300 for the first time ever. At the same time it is very overbought technically with stochastics now near 100 and a RSI…