January 10th Daily Market Comments

It is not unusual to see selling in the morning with buying in the afternoon during an uptrend. Today’s early selling is healthy and that it is taking profits in the markets along the way. However, if selling comes back going into the close Today, expect a profit-taking pullback for the next day or two of trading. Stay long until you see confirmed sell signals. The market indexes still have the 50 day moving average as a viable target.