Today’s early selling did not amount to much, continuing to indicate there is no dramatic selling pressure showing up in this market. Likewise, there is no dramatic bullish pressure either. However, this still makes for identifying which sectors are acting the strongest. The biotech area remains strong. The drug delivery stocks are also gaining strength. The candlestick charts will demonstrate where most of the buying interest is occurring, especially in lethargic/sideways markets.
August 22nd Daily Market Comments
Today’s early selling did not amount to much, continuing to indicate there is no dramatic selling pressure showing up in this market. Likewise, there is no dramatic bullish pressure either. However, this still makes for identifying which sectors are acting the strongest. The biotech area remains strong. The drug delivery stocks are also gaining strength. The candlestick charts will demonstrate where most of the buying interest is occurring, especially in lethargic/sideways markets.