Daily Watch List Update
MARKET NOTE: Dear Members: Traders are trimming positions some today in the face of a very overbought NASDAQ and a very complacent VIX. The selling took the S&P right to its 20 day moving average while the DOW moved right through its 20 day to test…
MARKET NOTE: Dear Members: So, not much happened overnight; just the FBI director fired, leading to a frenzy of opinions and with the market so far shrugging it off as no big deal. Instead of the wholesale selling that many thought might occur, the…
MARKET NOTE: Dear Members: Technical Analysis 101 teaches that when stochastics exceed 90 along with a RSI over 70 a stock/index is overbought. Today the NASDAQ printed stochastics of 99 with the RSI near 76. We also know that the all time low on the…