DuPont de Nemours (DD) has been trading sideways for about seven weeks but it now looks like the shares will be heading higher. Let's check out the charts.
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Avoid the beauty contest of price momentum that has arguably led to relatively large extremes of overvaluation today.
Many stocks with nosebleed valuations shot higher in response to Fed policy becoming more hawkish, while many quality cheaper names sold off.
The Fed backs off on claims that inflation is transitory and sets the stage for future rate hikes.