Although the Dow continues to trade higher, into record territory, the other indexes are not showing any great strength and a big percentage of stocks are currently trading lower or sideways. This demonstrates there is not an across-the-board strength in the overall market. Simple Candlestick Scanning Techniques are revealing many better short position charts than long positions.
August 1st Daily Market Comments
Although the Dow continues to trade higher, into record territory, the other indexes are not showing any great strength and a big percentage of stocks are currently trading lower or sideways. This demonstrates there is not an across-the-board strength in the overall market. Simple Candlestick Scanning Techniques are revealing many better short position charts than long positions.