OBOSS Market Timing 05/29/17 ‘OBOSS at 2.42’

Posted in OBOSS Market Timing on May 29th, 2017 by rennvalo

OBOSS is at extreme overbought levels. There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought. If you’re waiting on the side lines, this is not the time to be aggressive with new positions. Protecting profits is job #1. One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.