Today’s positive trading is demonstrating the lack of selling in the markets but also not showing any resilient buying. The Dow and S&P 500 have the opportunity to form a bobble pattern as long as those indexes continue to trade above the T-line. The sideways motion of the market for the past week is making the analysis of each individual stock chart that much more relevant. Continue to have both long and short positions in the portfolio.
February 23rd Daily Market Comments
Today’s positive trading is demonstrating the lack of selling in the markets but also not showing any resilient buying. The Dow and S&P 500 have the opportunity to form a bobble pattern as long as those indexes continue to trade above the T-line. The sideways motion of the market for the past week is making the analysis of each individual stock chart that much more relevant. Continue to have both long and short positions in the portfolio.