Be careful, although the markets are trading higher, they are trading indecisively higher. The Dow is currently doing a Doji, the NASDAQ is trading below where it opened. This does not show bullish strength. This also is occurring after the indexes closed below the T-line on Friday. However, the markets remain very sector specific. Electric vehicles and biotech’s continue to show strength. Be careful of the overall market direction, adding another short position or two would be viable.
January 19th Daily Market Comments
Be careful, although the markets are trading higher, they are trading indecisively higher. The Dow is currently doing a Doji, the NASDAQ is trading below where it opened. This does not show bullish strength. This also is occurring after the indexes closed below the T-line on Friday. However, the markets remain very sector specific. Electric vehicles and biotech’s continue to show strength. Be careful of the overall market direction, adding another short position or two would be viable.