Although the Dow is trading slightly lower today, it has revealed that it was using the T-line as support at the low of the day. The NASDAQ is trading higher Today, the S&P 500 is trading flat. This indicates there is no major change of investor sentiment, the slow uptrend in the markets continue. Sector rotation is in progress. Long positions and short positions should be based upon identifying and utilizing the strong candlestick charts. The remaining trading days of this week may be fairly low-volume due to the holiday week, the vacationing mode is still prevalent.
July 5th Daily Market Comments
Although the Dow is trading slightly lower today, it has revealed that it was using the T-line as support at the low of the day. The NASDAQ is trading higher Today, the S&P 500 is trading flat. This indicates there is no major change of investor sentiment, the slow uptrend in the markets continue. Sector rotation is in progress. Long positions and short positions should be based upon identifying and utilizing the strong candlestick charts. The remaining trading days of this week may be fairly low-volume due to the holiday week, the vacationing mode is still prevalent.