The selling of yesterday indicated the potential uptrend in bullish sentiment had dissipated, making the market trend more of a sideways trajectory. The excuse is that the possibility of raising interest rates is the culprit. That is the excuse, reality which is illustrated by the candlestick charts/signals reveals there is no great bullish sentiment occurring in this market for the past month. The lack of direction continues to make having both bullish and bearish positions in the portfolio the logical strategy.
December 3rd Daily Market Comments
The selling of yesterday indicated the potential uptrend in bullish sentiment had dissipated, making the market trend more of a sideways trajectory. The excuse is that the possibility of raising interest rates is the culprit. That is the excuse, reality which is illustrated by the candlestick charts/signals reveals there is no great bullish sentiment occurring in this market for the past month. The lack of direction continues to make having both bullish and bearish positions in the portfolio the logical strategy.