Be careful! Although the market started trading positive this morning, stochastics are still in a downward direction in the indexes are still trading below the T-line. The downtrend has to be assumed to be still in progress. The trading strategy remains the same, the bullish charts require staying above the T line and the short positions staying below the T line. Obviously the bias of the portfolio should be heavier to the short side. And keep protective stops always in place.
February 1st Daily Market Comments
Be careful! Although the market started trading positive this morning, stochastics are still in a downward direction in the indexes are still trading below the T-line. The downtrend has to be assumed to be still in progress. The trading strategy remains the same, the bullish charts require staying above the T line and the short positions staying below the T line. Obviously the bias of the portfolio should be heavier to the short side. And keep protective stops always in place.