August 30th Daily Market Comments

The Dow and S&P 500 are trading relatively flat, the same nature of how they have traded over the past few weeks. This is still a function of the summer doldrums as well as the lack of activity in Washington DC. However, the NASDAQ is showing a possible breakout of the Downtrending Channel after Yesterday’s Left/Right Combo signal. The market conditions are still producing the trading format for analyzing each individual stock chart on its own merit, the markets are not going to be a major influence.