September 5th Daily Market Comments

The weakness in Today’s trading has confirmed the Shooting Star/Doji Signals that occurred last Friday in the market indexes. Additionally, the indexes were nudging breakout levels but Today’s weakness in the markets demonstrates the lack of Bullish Strength to create breakouts into new territory. Most obvious is the Dow. Today’s lower trading illustrates a wedge pattern, indicating the prospects of more sideways movement in the markets. Be more defensive, bad news in world affairs is having more negative affect on the market trends. If the market closes decisively lower Today, add a few short positions to the portfolio. This is why we recommend Trend Analysis.

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