Markets took a small drop today which we mentioned yesterday was slightly anticipated to work off such OB (Overbought) conditions. OB conditions are most obviously seen when RSI (Relative Strength Index) is above 70. SPY and QQQ both closed down about -0.73% while DIA dropped slightly more, down by -0.77% from yesterday. Our hardest hit position today was SMH (Semiconductors) which closed down -1.4% from yesterday. This kind of ...
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