A downtrend usually consists of buying in the morning and selling in the afternoon. Today’s positive trading has diminished greatly. It will be important to see if there is any strength in the markets going into the close today. If so, it would illustrate a lack of direction/force of investor sentiment, implying the sideways or slow uptrend of the market had not changed. The mixed direction of the overall market is illustrated by just as many positive trading charts as bearish trading charts. This is making the markets very sector/stock specific.
February 1st Daily Market Comments
A downtrend usually consists of buying in the morning and selling in the afternoon. Today’s positive trading has diminished greatly. It will be important to see if there is any strength in the markets going into the close today. If so, it would illustrate a lack of direction/force of investor sentiment, implying the sideways or slow uptrend of the market had not changed. The mixed direction of the overall market is illustrated by just as many positive trading charts as bearish trading charts. This is making the markets very sector/stock specific.