Although the Dow, S&P 500, and the transportation index continue to trade positive, the failure of the NASDAQ to close above the T line on Friday produced a warning. The nature of the market remains the same, the uptrend remains in progress but the high tech stocks of the NASDAQ are still being sold off. The strategy remains the same, have both long and short positions in place.
May 10th Daily Market Comments
Although the Dow, S&P 500, and the transportation index continue to trade positive, the failure of the NASDAQ to close above the T line on Friday produced a warning. The nature of the market remains the same, the uptrend remains in progress but the high tech stocks of the NASDAQ are still being sold off. The strategy remains the same, have both long and short positions in place.