The market prognosis is not changed. The Dow is up 115 points after trading lower, using the 200 day moving average again as a support level. But the positive trading in the indexes today does not change the sideways mode of the markets. The best strategy is to still sit with cash. Any positions being added or existing should have very compelling buy or sell signals. The market movement is not going to be an added factor that any trading.
August 28th Daily Market Comments
The market prognosis is not changed. The Dow is up 115 points after trading lower, using the 200 day moving average again as a support level. But the positive trading in the indexes today does not change the sideways mode of the markets. The best strategy is to still sit with cash. Any positions being added or existing should have very compelling buy or sell signals. The market movement is not going to be an added factor that any trading.