June 16th Daily Market Comments

The markets remain in an indecisive consolidation stage, the NASDAQ appears to be drifting lower toward the 50 Day Moving Average. The S&P 500 is moving sideways and cannot get back up above the T-line. The Dow and S&P 500 are trading above the T-line but with indecisive trading. Hopefully this is not the summer doldrums. There are good trades continuing with the T-line be in the ultimate support levels. These market conditions warrant being very selective as far as long and short positions. This is the normal environment when the markets are not showing any major trend.

Share
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