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Mixed Signs of Overbought So Stick With Good Value
Greetings from the mainland of Greece! The SPY, QQQ and DIA are technically overbought while the IWM is lagging as it often does in bullish markets. This gives us interesting opportunities. That doesn’t mean the big indices can’t keep running for a while, but the chances of a pullback will increase by the day. You need to watch the signs – for example a monorail reversal bar from an overbought position is often an indication of exhaustion. If you’re sticking to our guidance to focus on Big Money Footprint stocks that are still close to their 50-day or 200-day Key Levels, then you won’t be getting suckered into overbought issues in any case. In the past week several of our setups made good progress and a number are still valid for consideration this week.

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The Bulls Are In Control But There’s Still Value Out There
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Focusing On The Most Obvious Sectors
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Trading Options inside the Bid-Ask Spread
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