After selling off hard this morning, the Dow is now trading back up at the top of its trading range, at the T-line. A hammer signal in the Dow would provide additional evidence the market is trying to base in this area. The NASDAQ opened lower but is now trading slightly positive, also indicating Bulls are stepping in in this area. Again, the markets are not showing any decisiveness one way or the other. Any trades still require close watching.
August 17th, 2015
After selling off hard this morning, the Dow is now trading back up at the top of its trading range, at the T-line. A hammer signal in the Dow would provide additional evidence the market is trying to base in this area. The NASDAQ opened lower but is now trading slightly positive, also indicating Bulls are stepping in in this area. Again, the markets are not showing any decisiveness one way or the other. Any trades still require close watching.