The lack of buying/selling in the market today indicates the indecisive nature of the market, which means the Dow and the S&P 500 will probably move sideways until the 50 day moving average catches up. A wedge type formation is being created in the indexes. These market conditions still warrant having both long and short positions in the portfolio.
May 12th Daily Market Comments
The lack of buying/selling in the market today indicates the indecisive nature of the market, which means the Dow and the S&P 500 will probably move sideways until the 50 day moving average catches up. A wedge type formation is being created in the indexes. These market conditions still warrant having both long and short positions in the portfolio.