Apple causing another knee-jerk reaction. Once again, it will be very important to see how the markets perform going into the close. If the markets appear to be closing near the lower end of their trading range today, it will indicate that bullish investor sentiment is getting tired, the buyers are giving up. On the other hand, if the markets close near the top end of their trading range, that would be an indication that any bad news is not going to push the market down any further. Be ready to close out weak long positions if the market closes near the lower end of the trading range. Be ready to buy long positions if the market holds up well today but make sure they have very strong buy signals.
January 3rd Daily Market Comments
Apple causing another knee-jerk reaction. Once again, it will be very important to see how the markets perform going into the close. If the markets appear to be closing near the lower end of their trading range today, it will indicate that bullish investor sentiment is getting tired, the buyers are giving up. On the other hand, if the markets close near the top end of their trading range, that would be an indication that any bad news is not going to push the market down any further. Be ready to close out weak long positions if the market closes near the lower end of the trading range. Be ready to buy long positions if the market holds up well today but make sure they have very strong buy signals.