The markets are now selling off after their initial bullish bounce this morning. The current downtrend will remain in progress until there is a definite reversal signal confirmed, continuing to make the bottom of the trend channel the hovering area. These market conditions are not any different than what has been experienced over the past three months. The portfolio strategy remains the same, have both long and short positions in the portfolio.
January 5th Daily Market Comments
The markets are now selling off after their initial bullish bounce this morning. The current downtrend will remain in progress until there is a definite reversal signal confirmed, continuing to make the bottom of the trend channel the hovering area. These market conditions are not any different than what has been experienced over the past three months. The portfolio strategy remains the same, have both long and short positions in the portfolio.