Off the Charts
The indices pulled back after yesterday's advance to new multiyear highs. This afternoon, the market felt heavy and closed negative. The S&P 500 was down 0.28%, the Nasdaq closed down 0.07% and the Dow Jones Industrial Average was down 0.33%. The action is becoming a little choppier in the indices as they continue to extend higher and the first quarter comes to an end. The market is on pace to have its best first quarter in 14 years, and there has been a lot to like in this market as it is rewarding investors, stock pickers and traders. Many trigger buys have proved successful as targets have been met. We suggest making sure you lock in profits and pare down some risk as the quarter comes to an end. Being greedy has never rewarded anyone.SPY Source: eSignal View Chart » View in New Window »
A lot of our 'go-to' stocks have triggered from calculated chart patterns, extended well above their attainable targets and could use a rest. Today, some of the second- and third-tier Chinese Internet stocks rallied, providing intraday cash flow....570 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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