And in light of the market's volatility it may not be a bad time to use rallies to trim existing positions, as I recently did with Carvana.
The apparel maker's shares possibly could bounce once it reports its results, but without much basing action any rally likely won't be sustained.
Although the charts show a bottom in October 2022, the vast majority of stocks never rallied and speculative strength never took hold.
The best predictor of future behavior is past behavior. That's advice we can all use.
The latest fad indicator? Don't ask me. The top or bottom? Nah. When to expect a potential oversold rally? You got it.
Meta swings midday and the bulls lose footing, but the small caps were a bright spot.
What do the charts suggest for price targets?
The charts say this price is where to add on J.
The chance of a government shutdown is keeping traders on the sidelines right now.
Volatility is picking up, but I believe it could become much more intense in the first half of next year.