After the indecisive Doji day on Friday, the markets needed to open positive today to indicate the T-line area was going to act as support. Today’s weakness indicates more downside/consolidation. However, gold has moved back up in price making the gold stocks relatively strong. Oil stocks and biotech’s continue to act well. Any long positions held in the portfolio over the next few days should be in the strong sectors. Add some short positions to the portfolio.
April 25th Daily Market Comments
After the indecisive Doji day on Friday, the markets needed to open positive today to indicate the T-line area was going to act as support. Today’s weakness indicates more downside/consolidation. However, gold has moved back up in price making the gold stocks relatively strong. Oil stocks and biotech’s continue to act well. Any long positions held in the portfolio over the next few days should be in the strong sectors. Add some short positions to the portfolio.