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.