Today is a perfect example that prices/trends do not move based upon fundamentals, they move based upon investor sentiment. AAPL good! Hooray, the market is good. The Dow continues to move toward the 200 day moving average, it is almost there. The NASDAQ is trading backup above the T-line. There is no strong indications of investor sentiment going bearish. Continue to stay predominantly long but still be diligent as far as remaining in bullish or bearish charts that continue to confirm.
January 30th Daily Market Comments
Today is a perfect example that prices/trends do not move based upon fundamentals, they move based upon investor sentiment. AAPL good! Hooray, the market is good. The Dow continues to move toward the 200 day moving average, it is almost there. The NASDAQ is trading backup above the T-line. There is no strong indications of investor sentiment going bearish. Continue to stay predominantly long but still be diligent as far as remaining in bullish or bearish charts that continue to confirm.