The failure to hold any positive trading after the open reveals the lack of bullish sentiment, indicating a toppy action in the markets. Be ready to close out long positions that are not exhibiting strength going into the close today. Expect some profit-taking and also watch where the indexes close today in regards to the T line.
April 29th Daily Market Comments
The failure to hold any positive trading after the open reveals the lack of bullish sentiment, indicating a toppy action in the markets. Be ready to close out long positions that are not exhibiting strength going into the close today. Expect some profit-taking and also watch where the indexes close today in regards to the T line.