The underlying weakness of the market is now becoming more evident. Yesterday the Dow continue to maintain strength but today is showing selling along with the other indexes. The NASDAQ is trading below the T line, the S&P 500 needed to open positive and trade positive to maintain the uptrend but it is currently trading lower, below the T line. The short positions are working well.
July 16th Daily Market Comments
The underlying weakness of the market is now becoming more evident. Yesterday the Dow continue to maintain strength but today is showing selling along with the other indexes. The NASDAQ is trading below the T line, the S&P 500 needed to open positive and trade positive to maintain the uptrend but it is currently trading lower, below the T line. The short positions are working well.