Market Update | Choppy Trade Leaves Traders on the Sidelines and the Markets Still Overbought
Wednesday’s market action was choppy at best. Again, the bulls are not willing to give much here believing that any downside is a gift to get long or longer! Unfortunately, this does nothing to change the near term picture. Technically, the markets and most equities are still at extreme overbought levels. With volatility remaining very […]
Continue readingFeb 5 Update | Overbought + The Correlation Advantage | Daily Market Updates
Monday started the week with a broad market decline, which was not unexpected. The broad market advance has been underway for well over a year, with the month of January being relentless in terms of pushing into extreme overbought levels. I don’t think I’m the only one who finds it interesting that investors wouldn’t touch […]
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