The health of the market is witnessing profit-taking early in the day followed by the bulls stepping back in. The indexes continue to trade above the T line without any great exuberance, making the slow uptrend more solid. Market conditions warrant taking profits in some sectors and buying in the sectors that are starting to show new strength. Stay predominately long.
August 21st Daily Market Comments
The health of the market is witnessing profit-taking early in the day followed by the bulls stepping back in. The indexes continue to trade above the T line without any great exuberance, making the slow uptrend more solid. Market conditions warrant taking profits in some sectors and buying in the sectors that are starting to show new strength. Stay predominately long.