Vital signs still OK? Don’t know how to read this chart.
RSI peaked and is showing negative divergence.
MACD heading toward a bearish crossover.
Stochastics pointing to a bearish downturn.
Please ping me if you want to be added to the list, but…
NOTE: For discussion purposes only. I am not any sort of financial or investment professional, and I take no responsibility for any actions taken by you, nor does FreeRepublic.com.
Personally, I believe the markets are close to peaky-peaked out, but I don’t see them falling off a cliff in the immediate future.
I thought it was incredible how the PANW earnings reaction smoked 100 points out of the /ES and it came right back with NVDA earnings. IMO, this is a big FOMO market. Not big fat——big thin. Remarkable. Catalysts going forward? Ehhhh...?
I would take or protect some.
Incidentally, I have not checked this but my sense is that the rally since October is possibly one of the top 5 rallies of all time. If not in the top 5, it’s still huge.
“Is this latest push up past its due date?”
Maybe. I like what I own, just watching the show and fine tuning.