The current early morning profit-taking is not unexpected. The transportation index is showing good strength today, implying the selling in the other indexes is merely profit-taking. Assume as long as the indexes are currently above the T line, an uptrend is in progress.SPOT can be bought on today’s positive trading confirming yesterday’s best friend signal.
February 1st Daily Market Comments
The current early morning profit-taking is not unexpected. The transportation index is showing good strength today, implying the selling in the other indexes is merely profit-taking. Assume as long as the indexes are currently above the T line, an uptrend is in progress.SPOT can be bought on today’s positive trading confirming yesterday’s best friend signal.