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Ep. 210 A Decade Of Lessons: A Peek Behind The MarketSmith Curtain With Scott. St. Clair And Irusha Peiris

Investing With IBD

CHAPTER

How to Overcome Overhead Resistance in the Stock Market

There is a bunch of overhead supply here, or over last year meaning so over at supply. It was trading higher as you mentioned it was trade trading almost at $2,000 and came all the back down to 600. So there are people who bought it at $1,600 $1,500, things like that where the stock sometimes will well that those are resistance areas. The leadership in the market has been semiconductor stocks which is good because if the markets going to get legs.

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