Today’s indecisive trading in the markets is not unexpected after a big move from Yesterday. The strength of Yesterday’s trading provided evidence that the bullish trend was still in progress, with the NASDAQ and the S&P 500 breaking up through a Downtrending resistance level. Stay predominantly long, any short positions in the portfolio should have compelling weakness.
July 13th Daily Market Comments
Today’s indecisive trading in the markets is not unexpected after a big move from Yesterday. The strength of Yesterday’s trading provided evidence that the bullish trend was still in progress, with the NASDAQ and the S&P 500 breaking up through a Downtrending resistance level. Stay predominantly long, any short positions in the portfolio should have compelling weakness.