Today’s profit-taking in the markets is not unexpected after yesterday’s big reversal move. The indexes continue to trade above theT-line. The selling in the Dow is not dramatic. The NASDAQ continues to trade positive, indicating there is no major change of investor sentiment in the overall market trend. The strategy remains simple, stay long in positions that are continuing to trade above the T-line.
January 7th Daily Market Comments
Today’s profit-taking in the markets is not unexpected after yesterday’s big reversal move. The indexes continue to trade above the T-line. The selling in the Dow is not dramatic. The NASDAQ continues to trade positive, indicating there is no major change of investor sentiment in the overall market trend. The strategy remains simple, stay long in positions that are continuing to trade above the T-line.