Nothing has changed as far as the uptrend continuing. This allows for the identification of the sectors that are participating to the upside or the downside with the most strength. Today LABU has moved up strong indicating the biotech’s are probably an area for bullish trades. The prognosis remains the same. Stay predominantly long with the expectation of rotating out of sectors that are start to show weakness and moving into new strong buying of other sectors.
January 9th Daily Market Comments
Nothing has changed as far as the uptrend continuing. This allows for the identification of the sectors that are participating to the upside or the downside with the most strength. Today LABU has moved up strong indicating the biotech’s are probably an area for bullish trades. The prognosis remains the same. Stay predominantly long with the expectation of rotating out of sectors that are start to show weakness and moving into new strong buying of other sectors.