Today’s selling in the market indexes indicate profit-taking so far, not any major change of investor sentiment. The indexes remain well above the T-line and there is not any evidence of a reversal signal. The nature of the market remains the same, some sectors acting strong while other sectors are selling off, sector rotation. The oil stocks are showing good strength. The electric vehicle stocks are starting to show new interest. Stay predominately long with safety stops in place. Take profits when individual stock prices starts showing sell signals. There will be other places to move funds.
December 8th Daily Market Comments
Today’s selling in the market indexes indicate profit-taking so far, not any major change of investor sentiment. The indexes remain well above the T-line and there is not any evidence of a reversal signal. The nature of the market remains the same, some sectors acting strong while other sectors are selling off, sector rotation. The oil stocks are showing good strength. The electric vehicle stocks are starting to show new interest. Stay predominately long with safety stops in place. Take profits when individual stock prices starts showing sell signals. There will be other places to move funds.