Today should be a very lethargic trading day. However, that is what was expected all week and it is evident that that has not happened. The indexes continue to hover right at the T-line area. Without any dramatic evidence of bullish or bearish control in the overall market, each individual stock/sector is the predominant analytical factors. Unless there is very compelling buy or sell signals, sitting on the sidelines until the markets show a definite trend is not a bad strategy.
December 28th Daily Market Comments
Today should be a very lethargic trading day. However, that is what was expected all week and it is evident that that has not happened. The indexes continue to hover right at the T-line area. Without any dramatic evidence of bullish or bearish control in the overall market, each individual stock/sector is the predominant analytical factors. Unless there is very compelling buy or sell signals, sitting on the sidelines until the markets show a definite trend is not a bad strategy.