It was anticipated there would be some profit-taking after the largest one day price move in the markets. Fortunately, the talking head experts on financial news stations are projecting possible more downside. This is a very bullish sign. Currently today’s markets are forming Doji type days, not necessarily how the going to finish up. The bias of the portfolio should be toward the long side but expect the market to oscillate until it can figure out what it wants to do.
March 3rd Daily Market Comments
It was anticipated there would be some profit-taking after the largest one day price move in the markets. Fortunately, the talking head experts on financial news stations are projecting possible more downside. This is a very bullish sign. Currently today’s markets are forming Doji type days, not necessarily how the going to finish up. The bias of the portfolio should be toward the long side but expect the market to oscillate until it can figure out what it wants to do.