Here’s the S&P 500 which clearly shows how strong this move has been. It, like many individual stocks, is at or above its upper Bollinger Band. That shows a lot of strength but after chasing the upper band for over a week it’s probably due for a rest. The MMAs are also flashing warning signs.
Here’s GME, which I bought Friday. This wouldn’t have even been on my list had I bothered to check when their earnings release was. I lucked out this time:
And finally CRM, which I got shaken out of on Friday. The stock went down just a few cents below my stop and bounced. I hate when that happens!
