Markets keep lurching higher, which is something is a Thanksgiving tradition in equities, with stocks indexes up a little less than one percent across the board. One of the VERY stock items in my portfolio that’s recently red is Intuit, which has been sputtering for many months now. I’ve tightened up my stop on INTU to $652
The longer-term chart shows how lofty Intuit continues to be. Generally speaking, I’ve continued to lighten up, since I am viewing this rally with increasing suspicion. I’m presenting at a mere 89% commitment level, which is a far cry from the wild-eyed positions I was pushing just last Thursday.
