A mild day to close a rather volatile week. We added more to our long positions and created a new position, that is similar to the setup that we saw in Amazon (AMZN) from earlier this week (a nice 10% gain for us in just a couple of days). Overall, the action during the middle of the week was a nice mild pullback that helped the indices pull off of their overbought conditions without causing any major technical damage along the way. If anything the chart patterns of the past few days has provided us with a nice consolidation patter heading into the week ahead.
If you’re a subscriber, be sure to read our weekly summary to be posted later this weekend, providing you with a chart analysis on each of our holdings.
Here’s the Nasdaq and S&P Charts…
