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.

Trading in the Stock Market, Trading Options, Trading Futures, and Options on Futures, involves substantial risk of loss and is not suitable for all investors. Past Performance is not indicative of future results. CandlestickForum.com, Candlestick-Trading-Forum.com, StephenBigalow.com, and Candlestick Forum LLC do not recommend or endorse any specific trading system or method. We recommend that you research all trading systems, methods and market strategies thoroughly. Full Disclaimer here