The nature of the market remains consistent with the indecisive trend of the past month. Although the indexes are trading higher, they are trading at the low end of their range below where they opened, not showing any bullish continuation of investor sentiment. With the market indexes trading in the middle of the trading range of the past month, without any great conviction after the initial move each day, this illustrates the lack of bullish or bearish commitment with the worry that a new tweet can dramatically move the markets one way or the other. Any existing long or short positions still requires confirmation with the T-line. As of yet, this is still not a market condition for being greatly exposed, continue to sit in cash.
August 27th Market Direction
The nature of the market remains consistent with the indecisive trend of the past month. Although the indexes are trading higher, they are trading at the low end of their range below where they opened, not showing any bullish continuation of investor sentiment. With the market indexes trading in the middle of the trading range of the past month, without any great conviction after the initial move each day, this illustrates the lack of bullish or bearish commitment with the worry that a new tweet can dramatically move the markets one way or the other. Any existing long or short positions still requires confirmation with the T-line. As of yet, this is still not a market condition for being greatly exposed, continue to sit in cash.