Today the biggies are trading positive, AAPL, NFLX,. AMZN, while the Dow stocks are trading lower. The Dow has pulled back to the 3T-line and has shown some support at that level. With the big stocks trading positive and the Dow stocks trading lower, this implies profit-taking versus any major exiting from the market. It will be important to watch to see if the indexes trade lower today but indecisively. Be ready to take profits in positions that are starting to show selling indications, a candlestick sell signal or moving too far away from the T-line.
June 9th Daily Market Comments
Today the biggies are trading positive, AAPL, NFLX,. AMZN, while the Dow stocks are trading lower. The Dow has pulled back to the 3T-line and has shown some support at that level. With the big stocks trading positive and the Dow stocks trading lower, this implies profit-taking versus any major exiting from the market. It will be important to watch to see if the indexes trade lower today but indecisively. Be ready to take profits in positions that are starting to show selling indications, a candlestick sell signal or moving too far away from the T-line.