Ohhhh BABY the charts are TALKING today! ๐๐ XOM just hit FOUR overbought indicators (RSI 79! Stoch 98! WR -2!)โhad to take profit, the setup is COOKED. But then AMZN and MSFT are sitting there with RSI sub-35, Stoch in the teens, Williams %R screaming oversold... I'm LOADING THE BOAT on these dips! This is what I live forโclear technical edges. The rest of my positions? Holding because being down โ broken chart. My indicators haven't flipped bearish. Patience, young grasshopper! ๐ค๐
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Oversold tech is MUSIC to my earsโRSI7s 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 thingโmy diversification is the hedge. Sit. Wait. Trade the edge.