Today’s current buying needs to be seen going into the close. However, the overall trajectory of the market, especially in the Dow, looks like a slow drift back toward the 50 day moving average. This sideways/slow downtrend coincides with the summer doldrums. This week, more than likely, will maintain its indecisive trading. Next week, when everybody is back to their desks, the market will more likely start showing decisiveness.
August 29th Daily Market Comments
Today’s current buying needs to be seen going into the close. However, the overall trajectory of the market, especially in the Dow, looks like a slow drift back toward the 50 day moving average. This sideways/slow downtrend coincides with the summer doldrums. This week, more than likely, will maintain its indecisive trading. Next week, when everybody is back to their desks, the market will more likely start showing decisiveness.