The weakness in today’s trading in the markets was in the realm of high probabilities based upon the Dow closing below the T-line on Tuesday. That was the first indication the sellers had picked up enough strength to breach the T-line trend, which had been acting consistently for the past month and a half. Specific sectors continue to act well, such as the gold sector. Start moving money out of charts that are beginning to show weakness and moving to stronger sectors, as well has having some short positions in the portfolio.
April 7th Daily Market Comments
The weakness in today’s trading in the markets was in the realm of high probabilities based upon the Dow closing below the T-line on Tuesday. That was the first indication the sellers had picked up enough strength to breach the T-line trend, which had been acting consistently for the past month and a half. Specific sectors continue to act well, such as the gold sector. Start moving money out of charts that are beginning to show weakness and moving to stronger sectors, as well has having some short positions in the portfolio.