June 6th Daily Market Comments

Although the markets opened lower Today, there is still no demonstration of strong selling resolve. The Dow and S&P 500 are in a Doji formation so far Today. The NASDAQ opened lower but is currently trading slightly positive. Overall, there still is not any decisive selling in the markets, merely profit-taking during an uptrend. The biggies such as AMZN, TSLA, NFLX and NVDA are not showing any change of bullish direction. This illustrates that investor sentiment remains positive. Stay predominantly long. This is why we recommend trend analysis.