August 2nd Daily Market Comments

The market indexes are still showing indecisive trading, the Dow is trading lower, the S&P 500 is trading lower but above where it opened and the NASDAQ after opening lower is now trading solidly positive, forming a potential left/right combo off the 50 day moving average. The aggregate of the index moves indicate the lack of any consensus in one direction or the other. This makes the analysis of each individual stock chart the top priority.