The downtrend remains in progress! This is a simple analysis as long as the indexes continue to trade below the T line. Obviously, the bearish sentiment in the markets are influenced by the Ukrainian situation. As long as there does not seem to be any change of circumstances in Ukraine, the downtrend will persist. Higher oil prices equals inflation. Stay predominately short. Long positions do not need to be bought aggressively in this downtrend.
March 7th Daily Market Comments
The downtrend remains in progress! This is a simple analysis as long as the indexes continue to trade below the T line. Obviously, the bearish sentiment in the markets are influenced by the Ukrainian situation. As long as there does not seem to be any change of circumstances in Ukraine, the downtrend will persist. Higher oil prices equals inflation. Stay predominately short. Long positions do not need to be bought aggressively in this downtrend.