Just a reminder, I will be attending a wedding this weekend, so I will be leaving Friday afternoon. Therefore, I will be sending out an abbreviated edition of my weekend piece late tomorrow morning…instead of a daily piece before the open…..………Thank you.
The major stock averages continue to act very well (duh)…and they’re being led by the chips stocks (and a few other tech names…again, duh). However, some of the chip names have become extremely overbought and quite expensive. So, investors should be careful about chasing some of these names…and look a couple of others which have not run to the same degree.
