It's funny how out of tune I feel with the markets after missing only one day. I've been reviewing charts tonight and the picture is clear as mud right now. On one hand, the indices have been weak for a few days now and could have a bounce, but on the other hand, they aren't oversold yet and could be headed to the lower bollinger bands. TXN may give the semiconductors and technology in general a much needed lift tomorrow, but the key is if they can hold on to any of the morning strength. The 60 minute chart for the SPY and QQQQ etf's still look pretty weak, so I am hesitant to have faith in any sort of morning gap higher.
In lieu of charts tonight, I linked to some of my more popular recent posts. My normal routine is to spend a few hours on Sunday reviewing sectors and then drilling into individual stocks and I couldn't do that this weekend due to being out of town. I should resume normal posting tomorrow.
Who is the house?
How I use my charts
Trade Ideas Review
Profit Taking Strategies
Know when you're lucky
Good Luck,
DT
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