Although the markets have opened higher today, they appear to be starting to drift lower. This remains consistent with the lack of bullish sentiment in the NASDAQ and the S&P 500 over the past week or two of trading. Although the Dow has been hitting record highs, it is doing so with very indecisive trading days, Doji type days. These market conditions still make having both long and short positions in the portfolio the prudent strategy. Expect more sideways trading in the markets for the next few trading days. This is why we recommend Trend Analysis.
August 4th Daily Market Comments
Although the markets have opened higher today, they appear to be starting to drift lower. This remains consistent with the lack of bullish sentiment in the NASDAQ and the S&P 500 over the past week or two of trading. Although the Dow has been hitting record highs, it is doing so with very indecisive trading days, Doji type days. These market conditions still make having both long and short positions in the portfolio the prudent strategy. Expect more sideways trading in the markets for the next few trading days. This is why we recommend Trend Analysis.