Splitting hairs but still relevant when using the information built into candlestick signals. The lack of any true bullish signals over the past few days illustrated a lack of a major change of investor sentiment. Today’s bearish Doji sandwich especially in the S&P 500 reveals the Santa rally may not be in effect this year. Trading strategy remains the same. Long positions should have very compelling charts to stay long. Have short positions in the portfolio.
December 15th Daily Market Comments
Splitting hairs but still relevant when using the information built into candlestick signals. The lack of any true bullish signals over the past few days illustrated a lack of a major change of investor sentiment. Today’s bearish Doji sandwich especially in the S&P 500 reveals the Santa rally may not be in effect this year. Trading strategy remains the same. Long positions should have very compelling charts to stay long. Have short positions in the portfolio.