The Dow appears to have stalled at the 50 day moving average. The first major resistance level will usually act as resistance when a new trend starts with a non-reversal signal. Short positions are still working well. The bearish Doji sandwiches are working i.e. BNTX and NVAX. The indecisive nature of the market still makes having both long and short positions, that are using the T line as confirmation, in the portfolio.
December 22nd Daily Market Comments
The Dow appears to have stalled at the 50 day moving average. The first major resistance level will usually act as resistance when a new trend starts with a non-reversal signal. Short positions are still working well. The bearish Doji sandwiches are working i.e. BNTX and NVAX. The indecisive nature of the market still makes having both long and short positions, that are using the T line as confirmation, in the portfolio.