Today’s positive trading is indicating a possible basing area in the markets. A reversal requires strength going into the close. Currently, the Dow is trading at where it opened after trading higher, demonstrating the lack of bullish follow-through so far today. Any established positions today still warrant being ready to close them back out immediately if the individual stock charts and the market indexes show weakness. This is why we recommend Trend Analysis.
February 12th Daily Market Comments
Today’s positive trading is indicating a possible basing area in the markets. A reversal requires strength going into the close. Currently, the Dow is trading at where it opened after trading higher, demonstrating the lack of bullish follow-through so far today. Any established positions today still warrant being ready to close them back out immediately if the individual stock charts and the market indexes show weakness. This is why we recommend Trend Analysis.