Although the middle of August is considered the optimal vacation time, the markets remained somewhat bullish last week, the Dow especially. Expect at least one more week of vacation before the markets start seeing the activity picked back up. Fortunately, there are still numerous candlestick stock chart patterns that are producing good profitability even during the dog days of summer. The Dow continues to demonstrate strength while the NASDAQ continues to demonstrate a sideways/wedge formation. Remain predominantly long but short positions are also working well.
August 20th Daily Market Comments
Although the middle of August is considered the optimal vacation time, the markets remained somewhat bullish last week, the Dow especially. Expect at least one more week of vacation before the markets start seeing the activity picked back up. Fortunately, there are still numerous candlestick stock chart patterns that are producing good profitability even during the dog days of summer. The Dow continues to demonstrate strength while the NASDAQ continues to demonstrate a sideways/wedge formation. Remain predominantly long but short positions are also working well.