YM (Dow) Update
I guess they're gonna make this go up by pumping the crap out of NKE and MMM, both of which missed on earnings, lol.
Overlay adjusted, not sure if we double top, but you gotta assume they fill the COVID gap (orange line).
Note that MFI is scrolling up from oversold, and Dow futures were pretty strong last night even when everything else went down. All this on a day where CSCO is down 5%.
Overlay adjusted, not sure if we double top, but you gotta assume they fill the COVID gap (orange line).
Note that MFI is scrolling up from oversold, and Dow futures were pretty strong last night even when everything else went down. All this on a day where CSCO is down 5%.
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Keep in mind that AAPL is a dividend stock, other than that, I'd stay away from tech right now. Sector rotation still going on.
Focus is shifting to dividend stocks with zero interest rates....
Both currently paying dividends (FDX, PCAR) and those that have halted but will probably resume next year (financials, GM, etc)