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Keep an Eye on Adobe

By The Chartman FOXBusiness

I’m guessing – or maybe hoping! – the market is just moving sideways right now. If that’s true, we should see a bounce next week.

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But if I’m wrong and that support breaks? Dow 10K is back on the radar.

Momentum stocks and sectors are often pooh-poohed. I don’t mind jumping in, though, if the timing is right. And it’s almost right with biotech.

For whatever reason, Adobe Systems (ADBE) rarely appears on my “buy screen.” It should, as it’s a solid performer that I use every day. I’ll start keeping an eye on it.

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Back next week to see if we bounce or have the summertime blues.

What do you think?

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