June 25th Daily Market Comments

The shooting star and Doji that formed in the Dow and S&P 500 over the past couple of trading days was indicating the potential of a reversal, especially showing these indecisive signals at the same levels the market’s topped out six weeks ago. Today’s lower trading was not unexpected. However the same criteria for individual stocks remains the same. There are sectors that are still acting well. Gold is continuing to trade higher with good strength. Although the markets are trading lower today, numerous stocks are still trading higher, especially the ones following strong bullish signals i.e.CROX after the best friend signal. Look at adding a short position or two to the portfolio.