Stock Charts - truCharts.com - Update 9/3/2014
The DJIA and the SPY are moving within a very tight range for the last few days since the close above 2000. There may still be legs in this rally, but we advise taking profits in at least half of your positions and watch oil closely today - coming off an oversold condition - check USO and OIL - we still like these from a technical analysis point of view. BIOTECH rally is running out of steam here - very overpriced sector and over hyped. We will go long USO (full disclosure) end of day today and are long TUBE, BIS and YHOO. We will publish a technical update on the indices this week and show some technical divergences.
TruCharts team
www.trucharts.com
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