The market is overbought but showing no sign of weakness - Weekly Market Roundup 24th Feb 2019
Channel: Trading Profitably
Date: 2019-02-24

The market is overbought but showing no sign of weakness - Weekly Market Roundup 24th Feb 2019.

Instruments Discussed: $USO/$CL, $GLD/$GC, $SPY, $QQQ, $DIA, $IWM, $KHC, $SUP, $BEAT, $DPLO, $BPFH, $NKE, etc.

The market is continuing to move higher slowly and with less volume. All the market ETFs are overbought in daily as well as weekly charts. You may avoid shorting and be selective in your buy decisions, avoiding buying of fundamentally overvalued or technically overbought stocks.

As usual, we also carried out the sector-industry-fundamental-technical top-down analysis to locate low-risk high probability trade opportunities where forces from industry, fundamental and technical are aligned together.

These and much more in this market roundup. Time to hit the play button.

This video is a demonstration of the way Superior Profit Community members trade Stocks and Stock Options using CUE systems to generate consistent profit from the market.