Just a quick update to our ongoing Nasdaq discussion about those distribution days piling up (heavy selling by institutions to accompany the price drop). Also note the initial rejection by price to the underside of the busted head and shoulders top “neckline”(downsloping light blue line). To my eye, bulls need to recapture $88 to the upside.
Also keep an eye on coffee (JO) and corn again for strength, as well as the still-weak biotechs.
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Looks like they’re taking profits on CPL. Nice call on that one!
So far, so good. Long-term investment idea. Thanks.
Wish I’d jumped on it when you first noted it. Looking at SCCO as another.