December 6th Daily Market Comments

The weakness in the markets are producing numerous sell signals in individual stock prices. These market conditions are making it clear that there is profit-taking/selling occurring. Analyze each stock chart position. If it is showing sell signals, close out the position. There will be plenty of good buy charts after the market finishes its consolidation. The short positions should be producing good profits during this pullback. Expect more downside as the indexes continue to head down toward support levels.