Hard selling in the markets? The Doji type days indicate indecisive selling, profit-taking during the uptrend. The indexes continue to trade above the T line without any evidence of reversal signals. Additionally, there are sectors trading positive while other sectors are trading lower, an indication of a steady market. The home builder stocks are acting well, retail stocks are holding up well. Stay predominately long but in the strong sectors. The uptrend remains in progress.
July 23rd Daily Market Comments
Hard selling in the markets? The Doji type days indicate indecisive selling, profit-taking during the uptrend. The indexes continue to trade above the T line without any evidence of reversal signals. Additionally, there are sectors trading positive while other sectors are trading lower, an indication of a steady market. The home builder stocks are acting well, retail stocks are holding up well. Stay predominately long but in the strong sectors. The uptrend remains in progress.