Seeing a number of large stocks that look toppy. The short short list includes KO, MSFT, MCD, AMD, CRM, DHR, and this one. The sketchy shorts include S and TMUS. The long list includes MDT.
Traditionally after last week's down close following the Fed announcement that also means at least two weeks or more of downside. A double close above last week's closing highs would negate that tradition.
Traditionally after last week's down close following the Fed announcement that also means at least two weeks or more of downside. A double close above last week's closing highs would negate that tradition.
Trade active
Key area here at 107.75. Multiple moving average levels may provide resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.