The Dow is testing the T-line, adding further confirmation of the consolidation that has been occurring for the past few trading days. The other indexes are trading relatively flat on the day, with the NASDAQ showing the most bullish uptrend trajectory albeit very slow. The sideways motion of the markets indicate specific sectors trading higher while other sectors are trading lower. Stay predominately long but having a few short positions in the portfolio would be prudent.
August 18th Daily Market Comments
The Dow is testing the T-line, adding further confirmation of the consolidation that has been occurring for the past few trading days. The other indexes are trading relatively flat on the day, with the NASDAQ showing the most bullish uptrend trajectory albeit very slow. The sideways motion of the markets indicate specific sectors trading higher while other sectors are trading lower. Stay predominately long but having a few short positions in the portfolio would be prudent.