Summer doldrums or consolidation? It doesn’t matter, currently the markets are not showing any great strength one way or the other. This is probably a function of it be in the middle of the summer and there is nothing currently that is stimulating Bullish or Bearish sentiment. In these market conditions, holding existing positions require the simple trend analysis, our long positions remaining above the T-line and are short positions remaining below the T-line. Adding any new positions requires very compelling buy or sell signals. Anticipate some boredom.
July 24th Daily Market Comments
Summer doldrums or consolidation? It doesn’t matter, currently the markets are not showing any great strength one way or the other. This is probably a function of it be in the middle of the summer and there is nothing currently that is stimulating Bullish or Bearish sentiment. In these market conditions, holding existing positions require the simple trend analysis, our long positions remaining above the T-line and are short positions remaining below the T-line. Adding any new positions requires very compelling buy or sell signals. Anticipate some boredom.