Although the hurricane damage in Texas is dominating the news, the markets are not doing anything more relevant than what their existing trend sentiment was exhibiting all last week, merely sideways, noncommittal direction. This lack of direction can be contributed to the last week of the summer doldrums, as well as the hurricane throwing a little bit of indecision into most people’s market evaluation. Continue to use each individual stock chart as the prime analysis.
August 28th Daily Market Comments
Although the hurricane damage in Texas is dominating the news, the markets are not doing anything more relevant than what their existing trend sentiment was exhibiting all last week, merely sideways, noncommittal direction. This lack of direction can be contributed to the last week of the summer doldrums, as well as the hurricane throwing a little bit of indecision into most people’s market evaluation. Continue to use each individual stock chart as the prime analysis.