On the above 2-week chart the Vanguard Russell 1000 Growth ETF has enjoyed a 40% upside move since the year began. A number of reasons now exist to exit long positions. The include:
1) Price action support breakout. Look left. On each occasion price action support failed the fund made a considerable correction.
2) The 2-week bearish engulfing candle. As with...
SMH just made new ATH, bonds have stabilized. Big inflows lately into Finance & Energy - outflows in tech. Looks like we are breaking this channel.
is the worm turning?
as always this is for entertainment purposes only.
this tape will self destruct in 30 seconds,
and the secretary will disavow any knowledge of your actions.