Today’s positive trading, confirming the bullish Harami of yesterday in the Dow and the S&P 500, unless experiencing strong selling before the end of the day, is demonstrating that the trading channel is a very slow uptrend bobbing along the T-line. Fortunately, numerous sectors such as the oil sector and the gold sector have been working extremely well during the sideways mode. Those are obviously the sectors be trading long. Numerous stocks have been trading absolutely sideways for the past three weeks. Obviously stay long in the strong sectors and short in the week sectors, both should still be in the portfolio.
February 4th Daily Market Comments
Today’s positive trading, confirming the bullish Harami of yesterday in the Dow and the S&P 500, unless experiencing strong selling before the end of the day, is demonstrating that the trading channel is a very slow uptrend bobbing along the T-line. Fortunately, numerous sectors such as the oil sector and the gold sector have been working extremely well during the sideways mode. Those are obviously the sectors be trading long. Numerous stocks have been trading absolutely sideways for the past three weeks. Obviously stay long in the strong sectors and short in the week sectors, both should still be in the portfolio.