The Dow selling off, the NASDAQ holding steady, another waffling/consolidation day. Continue to take profits and roll into new sectors. The fry pan bottom pattern continues to work as well as the J-hook pattern. SHLL still performing out of the fry pan bottom after the extensive cradle pattern. BABA a good fry pan bottom breakout. The portfolio should be oriented toward the long side, but be aware of sector rotation.
August 25th Daily Market Comments
The Dow selling off, the NASDAQ holding steady, another waffling/consolidation day. Continue to take profits and roll into new sectors. The fry pan bottom pattern continues to work as well as the J-hook pattern. SHLL still performing out of the fry pan bottom after the extensive cradle pattern. BABA a good fry pan bottom breakout. The portfolio should be oriented toward the long side, but be aware of sector rotation.