The 2nd investment grade rating by S&P buoyed the index at 7215.35 creating a large vacuum from 7108.28 to 7185.74. With "hot money" coming in, many may be enticed to assume that this could be a breakaway gap. However, to be on the safe side, always consider the possibility that this gap will be eventually filled since both RSI and STS are currently at overbought levels. Is it time to switch to laggard blue chips and second liners?
 |
| CLICK IMAGE TO ENLARGE |
No comments:
Post a Comment