The Dow is trading higher but the NASDAQ is trading lower again. There is evidence of a great amount of sector rotation. Numerous stocks that were trading up above the T line are now showing weakness by trading back below the T line. This is a change of overall sentiment. Close out long positions that are not staying above the T line. Short positions are acting better.
July 1st Daily Market Comments
The Dow is trading higher but the NASDAQ is trading lower again. There is evidence of a great amount of sector rotation. Numerous stocks that were trading up above the T line are now showing weakness by trading back below the T line. This is a change of overall sentiment. Close out long positions that are not staying above the T line. Short positions are acting better.