In and around the March market crash I was buying Tech related items like AMZN, DOCU, NVDA and Mister Softee here. The good Mister is the only one I’ve held to this point, but now he too goes the way of the profit-taker’s axe (yesterday for a partial and today for the rest), as I don’t love the daily chart, I think Tech is over done and I think the broad market is at risk. Captain Obvious made those last two assertions.
Could be nothing, could be something, but MSFT made a lower short-term high and I don’t care for either RSI or MACD. It’s always a good time to collect well earned profits and reserve cash for other areas. At least in my method of portfolio management it is. Too many people are too brave now. That was not the case in March.
An end of summer 2020 price increase is coming. Subscribe to the value-priced NFTRH now to lock in the current rate for the life of your subscription! Current subscribers will never see an increase and have never seen increases since the service began in 2008.
NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.