Monday’s pullback has to be viewed as profit-taking PROVIDED Tuesday’s trading in the indexes does not come back down through Tuesdays close. Selling off through Monday’s close would merely indicate today’s buying was a bounce. Continue to stay long in charts that are not demonstrating sell signals. But remain diligent as far as where today’s trading finally closes.
December 2 Daily Market Comments
Monday’s pullback has to be viewed as profit-taking PROVIDED Tuesday’s trading in the indexes does not come back down through Tuesdays close. Selling off through Monday’s close would merely indicate today’s buying was a bounce. Continue to stay long in charts that are not demonstrating sell signals. But remain diligent as far as where today’s trading finally closes.