Today’s market consolidation is the markets resting from yesterday’s big day. The uptrend remains in progress without any indication of change of investor sentiment. Continue to stay predominantly long, with some short positions in the portfolio i.e.TSLA, CMG, BKE. Numerous frypan bottom and steady Eddie patterns continue to produce consistent profits. Although we have just gone through the summer doldrums, there have been many profitable trades. This is why you do not listen to the experts that say sell in May and go away.
August 28th Daily Market Comments
Today’s market consolidation is the markets resting from yesterday’s big day. The uptrend remains in progress without any indication of change of investor sentiment. Continue to stay predominantly long, with some short positions in the portfolio i.e.TSLA, CMG, BKE. Numerous frypan bottom and steady Eddie patterns continue to produce consistent profits. Although we have just gone through the summer doldrums, there have been many profitable trades. This is why you do not listen to the experts that say sell in May and go away.