The market indexes still show indecisive investor sentiment. The NASDAQ continues to trade positive while the transportation index keeps bobbing on its lower trend channel. The Dow and the S&P 500 are demonstrating very indecisive movement. These market conditions continue to provide opportunities and specific stocks/sectors, both on the long side and the short side.
The worrisome transportation index yesterday appears will found the lower end of its trend channel today, showing some support. This does not change the overall characteristic of the market, indecisive but in a very slow uptrend. The prognosis remains the same, each individual stock chart and sector remains the predominant criteria.