January 29th Daily Market Comments

Today’s tentative trading is occurring with the indexes trading at the T-line area. Buying any long positions should be done so with the idea that if the indexes can’t get above the T-line, be prepared to come back out of long trades quickly. It will be important to see whether the indexes can eventually close above the T-line Today. The markets are currently in an indecisive stage, have stop losses in place.