It appears when money can be made relatively easy that that is the time the market reverses. :) I wasn't caught in Friday's downturn but it was just a thought I had. Overall good trades.
Major Indices:
All three portray their own story. The Dow and S&P still have RSI values above 50, while the Nasdaq is under. All three had pullbacks on Friday we will look for continuation in one direction or another next week. There was also good volume Friday as well.
INDU: Nice pullback Friday still holding 18/20 EMA level. Looks great.
SPX: Still holding above level annoted on last weeks chart.
COMPQ: Still holding levels mentioned last week. Pretty deep pullback looks the worst of the three.
We shall see what this protest in Egypt does to the markets. Enjoy your weekend!
N_T
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