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General Market Commentary
The charts of ! ! ! ! ! ! ! $INDU - Daily 1 Yr Candlesticks, 1280 and the ! ! ! ! ! IWF Russell 1000 Growth 1 Hr 1 Yr candlesticks, 1280 are both showing trendline overhead resistance. There is a trendline on the SPY chart that shows a resistance level and for caution ahead. The etfs of DRN, MIDU, SPXL, TNA are available for taking some profits. Some selling in the FAANG stocks today... The corrective rally is now reaching an area of risk on.
Have a great day and stay safe...
The $BPGDM and LABU charts are showing a triple top and a sell!
Protection of profits and capital are much more important than dividends, in a down market. Earnings season almost here, downgrades are coming...
Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.
Wealth is good, health is better and God is Great!
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