@OptionsMike says OpEx day is notoriously messy, with the AI trade and tech weak via $SMH and $IGV, while $DIA, $XLF, $HON, $COST, $WMT, $GM and $PG are strong as the market wants things.
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OPEX day notoriously messy.
$SMH $IGV AI trade and tech weak.
$DIA $XLF $HON $COST $WMT $GM $PG strong.. they want "things"
Reasoning: Sentiment
Visa $V, Procter $PG, and Microsoft $MSFT enter today as the 3 most "overbought" Dow stocks, while 8 of 30 are oversold. $CAT 10% move lower into oversold territory over the last week.
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Visa $V, Procter $PG, and Microsoft $MSFT enter today as the 3 most "overbought" Dow stocks, while 8 of 30 are oversold. Check out the 10% move lower for $CAT into oversold territory over the last week.
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Reasoning: Technicals Specific
Fund flows or trade records mentioned in posts reflect only the account’s own claims, are marked “Per the post” and are unverified.