Wildly unexciting! Although the market indexes are trading slightly positive, they are still trading at the exact same level of where they opened today. The indexes close below the 50 day moving average as well as the T-line on Friday, creating the prospects of a sideways moving market. Today’s lack of conviction is helping to confirm that analysis. Anticipate a boring trading day. Although LABU is forming a bearish McMuffin, a few of the biotech’s are showing good strength.
April 23rd Daily Market Comments
Wildly unexciting! Although the market indexes are trading slightly positive, they are still trading at the exact same level of where they opened today. The indexes close below the 50 day moving average as well as the T-line on Friday, creating the prospects of a sideways moving market. Today’s lack of conviction is helping to confirm that analysis. Anticipate a boring trading day. Although LABU is forming a bearish McMuffin, a few of the biotech’s are showing good strength.