After some early selling, the market indexes are now showing slow bullish participation. Investor sentiment appears to be remaining positive due to a good percentage of companies reporting better-than-expected earnings, i.e. AAPL. The NASDAQ did a bullish Harami/Doji right on the 50 day moving average. Today’s positive trading implies at least a test of the T-line. Continue to stay predominantly long with a few short positions in the portfolio.
August 1st Daily Market Comments
After some early selling, the market indexes are now showing slow bullish participation. Investor sentiment appears to be remaining positive due to a good percentage of companies reporting better-than-expected earnings, i.e. AAPL. The NASDAQ did a bullish Harami/Doji right on the 50 day moving average. Today’s positive trading implies at least a test of the T-line. Continue to stay predominantly long with a few short positions in the portfolio.