Internals and indicators turned sharply to the Bullish side today. Several Breadth indicators improved. I am going to hang on to leveraged positions for the time being.
Technology, (XLK-ETF) got a little ahead of itself and was above its upper trend line. It has now retreated back to the upper trend lune. It could retreat more, but I don't think this is anything more than a routine correction in tech. I could be wrong. We'll see.
Technology, (XLK-ETF) got a little ahead of itself and was above its upper trend line. It has now retreated back to the upper trend lune. It could retreat more, but I don't think this is anything more than a routine correction in tech. I could be wrong. We'll see.
