The Dow is trading lower, the NASDAQ is trading higher, the S&P 500 is flat. This indicates no major change of investor sentiment. The trading of the indexes are all in the midrange of a slow uptrending channel. The lack of any consensus of the indexes make the individual stock charts the main evaluation factors. Individual stocks are moving up or down based upon their own merits versus the overall market be in an influence. The strategy remains the same, be predominantly long with a few short positions in the portfolio. This is why we recommend Trend Analysis.
March 6th Daily Market Comments
The Dow is trading lower, the NASDAQ is trading higher, the S&P 500 is flat. This indicates no major change of investor sentiment. The trading of the indexes are all in the midrange of a slow uptrending channel. The lack of any consensus of the indexes make the individual stock charts the main evaluation factors. Individual stocks are moving up or down based upon their own merits versus the overall market be in an influence. The strategy remains the same, be predominantly long with a few short positions in the portfolio. This is why we recommend Trend Analysis.