- The stock market was over sold for the past couple of days and especially yesterday. Everything was poised to go higher. Amazon had the nicest gain due to the news on the acquisition of a mail order pharmacy. Amazon and Netflix looked hot to open, but Google on the other hand looked as though it was still over sold.
- Not only was Google oversold opening down another 4 from where it closed yesterday, it went down another 6 after open. This is crazy since the Stochastic Indicator shows that it is over sold on the 1 and 5 minute intervals. This was a great time to reel in profits. Check out my charts below.
Thursday, June 28, 2018
Market Oversold Created Buying Conditions
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