The indexes close below the T-line on Friday, indicating the probabilities of some more selloff on Monday. However, the lack of a reversal signal implied that any further selloff would be merely profit-taking versus a full-scale reversal. The implication of profit-taking was also evident with numerous stocks still trading green/positive today. This would indicate the markets are merely in a short-term pullback. Keep utilizing each individual stock chart as your primary analytical factor.
March 25th Daily Market Comments
The indexes close below the T-line on Friday, indicating the probabilities of some more selloff on Monday. However, the lack of a reversal signal implied that any further selloff would be merely profit-taking versus a full-scale reversal. The implication of profit-taking was also evident with numerous stocks still trading green/positive today. This would indicate the markets are merely in a short-term pullback. Keep utilizing each individual stock chart as your primary analytical factor.