The strong trading day of yesterday show the Dow testing the 50 day moving average resistance level. Today’s trading required a positive open to show there was not going to be any resistance at that level. Today’s current selling shows consolidation making the uptrend a relatively slow upward trajectory. However, these conditions do not deter the strong sectors such as the mining sector.
February 23 Daily Market Comments
The strong trading day of yesterday show the Dow testing the 50 day moving average resistance level. Today’s trading required a positive open to show there was not going to be any resistance at that level. Today’s current selling shows consolidation making the uptrend a relatively slow upward trajectory. However, these conditions do not deter the strong sectors such as the mining sector.