The markets remain in an indecisive stage, the Dow trading positive, the NASDAQ trading lower. There appears to be numerous stocks consolidating back to support levels, indicating the markets are still in a profit-taking mode. The investment strategy remains the same, stay with bullish patterns that have not negated their signals or patterns. Stay with short positions that have not come back up through the T-line.
January 29th Daily Market Comments
The markets remain in an indecisive stage, the Dow trading positive, the NASDAQ trading lower. There appears to be numerous stocks consolidating back to support levels, indicating the markets are still in a profit-taking mode. The investment strategy remains the same, stay with bullish patterns that have not negated their signals or patterns. Stay with short positions that have not come back up through the T-line.