Today’s selling demonstrates that Yesterday’s bullish trading day was merely showing the indecisive sideways trend of the overall market. The Dow and S&P 500 are not showing any dramatic selling Today but the NASDAQ continues to sell off hard. However, the transportation index is still showing some strength. These market conditions illustrate the lack of consensus between the Bulls and the Bears, demonstrating specific sectors are being bought while other sectors are being sold. Have both long and short positions in the portfolio. This is why we recommend Trend Analysis.
June 29th Daily Market Comments
Today’s selling demonstrates that Yesterday’s bullish trading day was merely showing the indecisive sideways trend of the overall market. The Dow and S&P 500 are not showing any dramatic selling Today but the NASDAQ continues to sell off hard. However, the transportation index is still showing some strength. These market conditions illustrate the lack of consensus between the Bulls and the Bears, demonstrating specific sectors are being bought while other sectors are being sold. Have both long and short positions in the portfolio. This is why we recommend Trend Analysis.