November 21st Daily Market Comments

The expected consolidation on a day before a very long weekend is in progress. Nothing has changed as far as investor sentiment when witnessing the NASDAQ trading slightly higher, the S&P 500 trading relatively flat, while the Dow is trading lower. The nature of the market remains the same, there are still good bullish charts creating profits as well as good bearish charts creating profits. Analyze each individual chart pattern on its own merit. This is why we recommend Trend Analysis.