Although the NASDAQ traded positive after it opened yesterday, it did not do a reversal signal. Obviously today’s strong selling indicates the NASDAQ remains in a downtrend as well as the other indexes coming off shooting star signals. The shorts are working very well. Any long positions require very compelling bullish charts to stay long.ie NMRD, ET.
May 12th Daily Market Comments
Although the NASDAQ traded positive after it opened yesterday, it did not do a reversal signal. Obviously today’s strong selling indicates the NASDAQ remains in a downtrend as well as the other indexes coming off shooting star signals. The shorts are working very well. Any long positions require very compelling bullish charts to stay long.ie NMRD, ET.