#05/23 - Can Extreme Overbought Markets Push Higher, Or Is Profits Lost This Week?

Can the markets push higher as Nasdaq now has the highest RSI14 and 21 since the last major falls more than a year ago, or will there be a natural correction? This week will be filled with quarter results, and Wednesday, Powell will give the FED decision on the interest rates and the expectation forwards. Volatility should rage the markets this week, as the bear and the bull again will fight for territory after a strong January coming to an end. Meta had a strong week in the trading portfolio last week and is now up almost 32%. Jim continues to reduce the overall exposure in the trading portfolio as he aims to use the potential correction to get better positions.
Tune in for this week's stock podcast: Trading Tips With Jim

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