Bounce? The NASDAQ is trading positive but keep in mind that during a downtrend, it is not unusual to see early morning buying and then the overall trend continues in the downward trend later in the day. Currently there is nothing that illustrates a change of investor sentiment, no reversal signals and stochastics are still heading down. Ukrainian crisis, inflation, masks, over hanging concerns. Stay predominately short.
February 22nd Daily Market Comments
Bounce? The NASDAQ is trading positive but keep in mind that during a downtrend, it is not unusual to see early morning buying and then the overall trend continues in the downward trend later in the day. Currently there is nothing that illustrates a change of investor sentiment, no reversal signals and stochastics are still heading down. Ukrainian crisis, inflation, masks, over hanging concerns. Stay predominately short.