The prognosis remains the same. The Dow is trading higher while the NASDAQ is trading lower. This makes having both long and short positions in the portfolio. The steel stocks and the industrial mining stocks are in uptrends, although there is some profit-taking today after yesterday’s big breakouts. The transportation index is trading higher, implying the slow uptrend of the market is likely to continue.
August 11th Daily Market Comments
The prognosis remains the same. The Dow is trading higher while the NASDAQ is trading lower. This makes having both long and short positions in the portfolio. The steel stocks and the industrial mining stocks are in uptrends, although there is some profit-taking today after yesterday’s big breakouts. The transportation index is trading higher, implying the slow uptrend of the market is likely to continue.