Today’s lethargic trading in the markets indicates more profit-taking versus a reversal. While the Dow and S&P 500 are trading relatively flat, the NASDAQ is trading lower and the transportation index is trading higher. This merely indicates shifting of funds versus any major exodus in the markets. The nature of the market still remains very stock/sector specific. Continue to take profits in stocks that are start to show reversal signals. There are other sectors starting to rotate into strength. This is why we recommend Trend Analysis.
December 20th Daily Market Comments
Today’s lethargic trading in the markets indicates more profit-taking versus a reversal. While the Dow and S&P 500 are trading relatively flat, the NASDAQ is trading lower and the transportation index is trading higher. This merely indicates shifting of funds versus any major exodus in the markets. The nature of the market still remains very stock/sector specific. Continue to take profits in stocks that are start to show reversal signals. There are other sectors starting to rotate into strength. This is why we recommend Trend Analysis.