The indecisive nature of the market continues In Monday’s trading. The NASDAQ is trading up 25 points, the Dow is trading down slightly. The Dow is once again forming indecisive Doji’s in the range of the T-line. The investment strategy remains the same, stay predominantly long, have a short position or two in the portfolio, and be prepared for taking profits on the long side if there is a drastic change of investor sentiment. Otherwise, the lack of conviction to the bullish side or the bearish side can be a product of the summer doldrums.
August 1st Daily Market Comments
The indecisive nature of the market continues In Monday’s trading. The NASDAQ is trading up 25 points, the Dow is trading down slightly. The Dow is once again forming indecisive Doji’s in the range of the T-line. The investment strategy remains the same, stay predominantly long, have a short position or two in the portfolio, and be prepared for taking profits on the long side if there is a drastic change of investor sentiment. Otherwise, the lack of conviction to the bullish side or the bearish side can be a product of the summer doldrums.