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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
  • Overbought Is A Relative Term 0 comments
    May 13, 2013 7:01 AM

    By Jeff Pierce

    Since November lows the Nikkei has risen 6k points vs 2500 on the Dow. Yes I think the markets are overheated and due for a pullback, but it's not a given so be careful to not let any trading bias dictate your plan.

    My timing signal on US equities has been taken a hit over the last few weeks as it signaled a pullback was coming and yet the markets continued to rally. All I can really say is the markets are being different right now and I don't know if it means different bad or different good. So I've been playing both sides of the market, but clearly the market wants to go higher.

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