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GUY COHEN’S MARKET MOVERS Overbought, But No Signs Of Exhaustion Yet… The major indices received another boost last week and continue to be overbought in terms of price. No obvious indications of exhaustion even at these elevated levels, which suggests the potential for further upside, but this will be limited until we get a pause or pullback. Resist the urge to chase after overextended stocks, regardless of how tempting they may be. Ensure your stop gains are strategically placed if you currently hold overextended stocks in your account. Our primary focus continues to be on OVI Big Money Footprint setups near Key Levels. Here is this week’s watchlist: What Goes Up Must Come Down (in this particular market) It goes up, it comes back down… It goes down, it comes back up! That’s what happens in this one particular market that has been going back and forth for over 30 years… Click here to discover the “Infinite Loop” opportunity! |
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ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. |
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