Is the market showing a trend? Obviously not! There is not anything in the candlestick charts illustrating whether the Bulls or the Bears are in control. Tariff talks tweets has not produced any consistent buying or selling. If you can’t identify which direction the market is moving, sit in cash. Add the element of summer doldrums to the market environment and this embellishes the reason for not having major funds committed to this market.
August 26th Daily Market Comments
Is the market showing a trend? Obviously not! There is not anything in the candlestick charts illustrating whether the Bulls or the Bears are in control. Tariff talks tweets has not produced any consistent buying or selling. If you can’t identify which direction the market is moving, sit in cash. Add the element of summer doldrums to the market environment and this embellishes the reason for not having major funds committed to this market.