Sunday, March 5th, 2017

Market keeps on trucking higher

Major indexes all in rup mode for now and getting overbought. SPX almost hitting the upper channel that could bear signs of reversal. Caution with longs because profit taking may ensue. RUT was the laggard and has shown great break out type performance lately. This was a bullish channel and its break out from here to catch up with rest of them.

AAPL has already split and you will see a 90 stock. Its bit sad to see that happen, no longer that big behemoth and commanding stock. It will be like BIDU after the split almost forgotten and laid to the side.

CMG has beaten all odds and now closing above 61.8 % fib levels. We have a very profitable position this month.


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