The Fast and the Ferrous:
Rocket markets are those that may have gotten a little ahead of themselves on a short-term basis. No doubt these markets are still in bullish trending phases but they have also moved into overbought territory making them candidates for long side profit taking. Shorting these markets is not recommended as the strength of their trends are still quite strong. In other words don't fight the trend. If these markets are able to fall from their overbought territory, look for opportunities to reestablish long positions. To assist in finding opportunities, our Dip Market List provides candidate markets that remain in bullish trending phases but that have also fallen into short-term over sold territory.
Rocket Market Definition:
Rocket Market: Bullish Trend that are also Strongly Overbought
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