Category: Market Outlook

Not Time To Accumulate Stocks Aggressively

while the overall technical backdrop remains positive, return of extreme overbought conditions on an intraday basis suggesting that this is not a time to accumulate stocks aggressively. As for strategy, traders should consider buying downside protection for winning positions

S&P Overbought But Momentum Remains Supportive

while overbought is putting a cap on the upside the overall technical backdrop remains supportive so downside risk could be limited. It is possible that S&P could continue to drift higher as trading sentiment remains strong. As for strategy, traders should look to increase exposure into short-term market dips rather than chasing breakouts

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