July 30th Daily Market Comments

Is there any way to protect from negative tweets? No, unfortunately that is part of the risk of being in the market. The indexes continue to be influenced by the T-line. Yesterday the Dow closed at the T-line but not above it. The NASDAQ and the S&P 500 closed above the T-line but needed more confirmation today. What does today’s trading reveal about the market trend? Still sideways. And often asked question, ” do you hold during earnings?” If the smart money is buying going into earnings, that will tell you something. I.e. UPS. Although the indexes are trading much lower, there are still good strong bullish patterns, NET bullish flutter kicker.