I’m giving it “some” benefit of the doubt, but I was uncomfortably overweight. One possibility is that we have correction between NFP today and the Fed meeting. Too many stocks went over upper bollinger bands on a daily charts
Gary December 2, 2022
Overbought is nice for a launch, but it will have to consolidate at some point. I added a partial hedge (DUST) rather than sell anything.
I’m giving it “some” benefit of the doubt, but I was uncomfortably overweight. One possibility is that we have correction between NFP today and the Fed meeting. Too many stocks went over upper bollinger bands on a daily charts
Overbought is nice for a launch, but it will have to consolidate at some point. I added a partial hedge (DUST) rather than sell anything.