Be careful! It is too early in the day to anticipate any buying in the indexes is stopping the selling of yesterday. However, note that the trends that were bullish, acting strong, are still maintaining above the T-line. Today, oil stocks are stronger than bears breath, crude oil is currently up $1.65. The market conditions are still producing the same trading strategy, specific sectors are showing good strength. The electric vehicle sector is holding up well. Specific biotech’s that are benefiting from the vaccines are acting well. Continue to have both long and short positions in the portfolio.
December 10th Daily Market Comments
Be careful! It is too early in the day to anticipate any buying in the indexes is stopping the selling of yesterday. However, note that the trends that were bullish, acting strong, are still maintaining above the T-line. Today, oil stocks are stronger than bears breath, crude oil is currently up $1.65. The market conditions are still producing the same trading strategy, specific sectors are showing good strength. The electric vehicle sector is holding up well. Specific biotech’s that are benefiting from the vaccines are acting well. Continue to have both long and short positions in the portfolio.