Amazon up huge, Microsoft at all-time highs, investor sentiment should be very bullish! But the Dow and the S&P 500 had not yet closed above the T-line yesterday. Today’s selling, still the effect of the China virus, obviously keeps the indexes trading well below the T-line. The prognosis remains the same, any long positions still require the lack of any sell signals and continuing to trade above the T-line. There are numerous dumpling tops that are working effectively today, DXC, CROX, CREE. Have both long and short positions in the portfolio.
January 31st Daily Market Comments
Amazon up huge, Microsoft at all-time highs, investor sentiment should be very bullish! But the Dow and the S&P 500 had not yet closed above the T-line yesterday. Today’s selling, still the effect of the China virus, obviously keeps the indexes trading well below the T-line. The prognosis remains the same, any long positions still require the lack of any sell signals and continuing to trade above the T-line. There are numerous dumpling tops that are working effectively today, DXC, CROX, CREE. Have both long and short positions in the portfolio.