The indecisive nature of the market continues. Although the NASDAQ showed a strong reversal signal yesterday, there currently is no follow-through. The Dow is trading positive and is currently trading at the resistance level that it has been having trouble getting through. The indecisive uptrend of the market at least reveals there is no dramatic selling pressure. This makes market conditions orienting trading toward analyzing individual stock charts. but all positions still require having safety stops in place. It appears as if the electric vehicle sector is starting to get attention again.
March 10th Daily Market Comments
The indecisive nature of the market continues. Although the NASDAQ showed a strong reversal signal yesterday, there currently is no follow-through. The Dow is trading positive and is currently trading at the resistance level that it has been having trouble getting through. The indecisive uptrend of the market at least reveals there is no dramatic selling pressure. This makes market conditions orienting trading toward analyzing individual stock charts. but all positions still require having safety stops in place. It appears as if the electric vehicle sector is starting to get attention again.