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.
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