Although the Dow is showing some resistance at the 200-day moving average, the NASDAQ continues its steady uptrend. This combination reveals there is no major change of investor sentiment in the overall market trend. The big names continue to trade higher,TSLA, AAPL, NVDA. With the NASDAQ trading positive and the S&P trading lower but above where it opened, and all the indexes currently trading above the T-line, Today’s trading merely reveals profit-taking in specific sectors. Stay long.
July 7th Daily Market Comments
Although the Dow is showing some resistance at the 200-day moving average, the NASDAQ continues its steady uptrend. This combination reveals there is no major change of investor sentiment in the overall market trend. The big names continue to trade higher,TSLA, AAPL, NVDA. With the NASDAQ trading positive and the S&P trading lower but above where it opened, and all the indexes currently trading above the T-line, Today’s trading merely reveals profit-taking in specific sectors. Stay long.