January 23rd Daily Market Comments

The slow sideways drift of the markets, not showing any bullish or bearish force over the past three weeks, looks like it wants to move sideways until the 50 day moving average catches up. Friday’s positive trading followed by today’s selling continues to keep the indexes waffling in the T-line area. Many people ask, what does this indicate? Simple! The market has no direction. The trading strategy remains the same, utilize the strong candlestick bullish and bearish charts to maintain positions. Gold and silver stocks continue a strong uptrend. Have both long and short positions in the portfolio.