The expected bounce is occurring in numerous down trending positions. The markets are still in an indecisive mode, the Dow and S&P trading lower, the NASDAQ trading slightly higher. The T line and the 34 EMA appears to be a target/resistance level in numerous stock positions. Stay predominately short, let the day play out.
January 11th Daily Market Comments
The expected bounce is occurring in numerous down trending positions. The markets are still in an indecisive mode, the Dow and S&P trading lower, the NASDAQ trading slightly higher. The T line and the 34 EMA appears to be a target/resistance level in numerous stock positions. Stay predominately short, let the day play out.