The hard selling of today’s markets illustrates how the strong stock/sectors continue to trade positive, or at least not selling off. This is a simple function of investor sentiment that has created the bullish patterns continuing the patterns. This is why sitting through a knee-jerk reaction is more prudent when participating in the strong breakout patterns. But this also provides an opportunity to close out positions that are selling off and do not seem to be recovering before the end of the day. Move to cash if positions appear iffy.
January 27th Daily Market Comments
The hard selling of today’s markets illustrates how the strong stock/sectors continue to trade positive, or at least not selling off. This is a simple function of investor sentiment that has created the bullish patterns continuing the patterns. This is why sitting through a knee-jerk reaction is more prudent when participating in the strong breakout patterns. But this also provides an opportunity to close out positions that are selling off and do not seem to be recovering before the end of the day. Move to cash if positions appear iffy.