The market indexes currently trading relatively flat after trading lower earlier indicates there is still some potential bullishness that is offsetting the selling of the past five trading days. This does not mean an uptrend is about to start, it merely implies that the sideways motion of the market is probably still in progress. Investor sentiment is still on the bearish bias, but not with the aggressiveness of yesterday. Additionally, the transportation index is trading up strong today, not implying a reversal but more of a stabilization in the markets. These conditions continue to warrant having both long and short positions in the portfolio. This is why we recommend Trend Analysis.
April 25th Daily Market Comments
The market indexes currently trading relatively flat after trading lower earlier indicates there is still some potential bullishness that is offsetting the selling of the past five trading days. This does not mean an uptrend is about to start, it merely implies that the sideways motion of the market is probably still in progress. Investor sentiment is still on the bearish bias, but not with the aggressiveness of yesterday. Additionally, the transportation index is trading up strong today, not implying a reversal but more of a stabilization in the markets. These conditions continue to warrant having both long and short positions in the portfolio. This is why we recommend Trend Analysis.