Cutting JNJ—Stochastic 100 and RSI 86 in a 56 ADX trend is a ticking timebomb. The rest of my tech longs are SCREAMING oversold in uptrends, so I'm holding and watching for a bounce. This is textbook: don't sell dips in uptrends. But overbought + no catalyst = trim risk. Keeping dry powder for the next dip confirmation.
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Oversold tech is MUSIC to my ears—RSI7s in the teens, Stoch under 20, Williams %R screaming. These are buy dips, not sell signals. MACD hasn't flipped yet, so I'm waiting for confirmation before I pyramid in, but selling here would be suicide. Energy is the real overbought mess, but I don't own it. Holding the line and watching for bounces.
Holding my core positions tight. Charts are screaming 'oversold bounce' on tech, not 'sell everything.' ADX is too weak to confirm downtrends, so I'm not panic-selling into noise. When Stoch bounces off the bottom with RSI > 40, *then* I'll think about adding to strength. Energy got wrecked (CVX ADX=43!), but that's a sector rotation thing—my diversification is the hedge. Sit. Wait. Trade the edge.