Fully-Valued?

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I’ll just kick off today with a single, simple chart – – the NASDAQ e-mini futures, shown below. They have already benefitted from the full force of blow-out earnings from the likes of Amazon and Google, and yet all they’ve got to show for it is a doji shooting star at the crest of what is obviously a very swift ascent. I wouldn’t bank on much more upside here, folks. To put it kindly, the high-tech market seems fully-valued.

0428-nq

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