Beware the bounce! Although the indexes are trading positive after the open in the S&P 500 and NASDAQ, they are not showing anything more than possible short covering. The Dow is trading below the T line indecisively. Currently there is no indication of any change of the current downtrend. Be patient with short positions.
January 6th Daily Market Comments
Beware the bounce! Although the indexes are trading positive after the open in the S&P 500 and NASDAQ, they are not showing anything more than possible short covering. The Dow is trading below the T line indecisively. Currently there is no indication of any change of the current downtrend. Be patient with short positions.