January 31st Daily Market Comments

Although the markets are trading positive Today, they are still in the cautionary stage. The Dow is trading higher after a reversal signal on Friday. The NASDAQ and the S&P 500 are trading higher but did not have reversal signals on Friday. This still requires seeing good bullish confirmation today, keeping the indexes above the T line. Numerous short positions have now been covered and buying any new long positions require maintaining strength going into the close today. Be careful.

 

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