June 6th Daily Market Comments

Although the markets opened lower Today, there is still no demonstration of strong selling resolve. The Dow and S&P 500 are in a Doji formation so far Today. The NASDAQ opened lower but is currently trading slightly positive. Overall, there still is not any decisive selling in the markets, merely profit-taking during an uptrend. The biggies such as AMZN, TSLA, NFLX and NVDA are not showing any change of bullish direction. This illustrates that investor sentiment remains positive. Stay predominantly long. This is why we recommend trend analysis.

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