The markets are still not in good trading conditions. Although the indexes are trading higher, most stocks have gapped up but currently trading at the same levels where they opened, not making for good trading conditions. Fortunately, simple candlestick scanning techniques continue to provide good trades set ups although the number of good set ups are much lower than normal. FRO and TNK, today’s recommendations, have moved after the positive open Today. Until the markets show some continuity as far as a consistent trend, sit with cash. There will be opportunities.
March 10th Daily Market Comments
The markets are still not in good trading conditions. Although the indexes are trading higher, most stocks have gapped up but currently trading at the same levels where they opened, not making for good trading conditions. Fortunately, simple candlestick scanning techniques continue to provide good trades set ups although the number of good set ups are much lower than normal. FRO and TNK, today’s recommendations, have moved after the positive open Today. Until the markets show some continuity as far as a consistent trend, sit with cash. There will be opportunities.