February 9th Daily Market Comments

Be careful, although the markets are trading positive today, they are not trading above where they opened. Unless the markets can produce convincing bullish Harami’s Today, the downtrend is still in progress. It is still early in the day, not unusual to see the initial bounce after a big selling day. Remember, candlestick signals are created by where prices open and close. Nothing yet has indicated the Bulls are able to take control. Stay predominantly short until there is convincing bullish signals.