Sell Intel Corporation (NASDAQ:INTC) and Archer Daniels Midland Company (NYSE:ADM)
On Friday October 9, 2015 Stock Traders Daily recommended that Investors secure gains in both Intel Corporation (NASDAQ:INTC) and Archer Daniels Midland Company (NYSE:ADM). These positions were both called roughly two weeks ago on the heels of a rather aggressive market decline. The result is approximately a 15% gain from INTC and a 7.6% gain from ADM.
Although other factors certainly were at play, the main reason for selling these positions is that we had solid gains, and in our opinion short term gains lead to long term success.
In addition, the Stock Market increased and our Sentiment Table began offering overbought indicators, and overbought indicators suggest that near term declines could follow.