Monday, June 12, 2017

Weekly Market Update - Tech Stocks Pull Back

This week we saw the NasDaq pull back. Two of the indicators went red:


  1. NYSE AD vs NYSE 52 HL Differential
  2. Divergence: DJIA vs NYSE A-D 

Dr. Wish has a nice post about the pull back. Bloody Fridays often lead to Bloody Monday Opens.

Let's see what happens today. Honestly, we are due for some sort of pull-back. That's why I like protective stop losses and calculating risk prior to entering into a position. 

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