The markets are still in a wait and see mode. The Dow is trading slightly lower, the NASDAQ is relatively flat, the S&P 500 relatively flat, but the transportation index is up strong today. This lack of direction in the market is continuing to allow candlestick patterns to work effectively, i.e.MBLY and KMT J-hook patterns. Continue to stay predominantly long but there are still good short positions available, PIR.
January 19th Daily Market Comments
The markets are still in a wait and see mode. The Dow is trading slightly lower, the NASDAQ is relatively flat, the S&P 500 relatively flat, but the transportation index is up strong today. This lack of direction in the market is continuing to allow candlestick patterns to work effectively, i.e.MBLY and KMT J-hook patterns. Continue to stay predominantly long but there are still good short positions available, PIR.