The sideways mode of the market is still in process. The Dow and S&P 500 trading positive while the NASDAQ is trading slightly lower. However, the NASDAQ is currently forming a second hanging man signal. This warrants watching for any selling from this level, profit-taking in that index. Stay predominately long. Normally, would expect slow trading on a Friday afternoon during the summertime with everybody heading for the beach, but most beaches are still closed. New Jersey beaches, all you might do Today is some windsurfing.
July 10th Daily Market Comments
The sideways mode of the market is still in process. The Dow and S&P 500 trading positive while the NASDAQ is trading slightly lower. However, the NASDAQ is currently forming a second hanging man signal. This warrants watching for any selling from this level, profit-taking in that index. Stay predominately long. Normally, would expect slow trading on a Friday afternoon during the summertime with everybody heading for the beach, but most beaches are still closed. New Jersey beaches, all you might do Today is some windsurfing.