Today’s positive trading in the markets is not yet showing anything that is changing the slow downward direction of the market trend. The Dow S&P 500 are trading below the T line. The NASDAQ is currently just nudging the T-line. The transportation index is showing the most strength, indicating the market trend is more likely to be in a slow downward drift versus a hard selling. State law in a strong sectors, oil, gold, and the Biotech’s. The retail area can be shorted.
May 18th, Daily Market Comments
Today’s positive trading in the markets is not yet showing anything that is changing the slow downward direction of the market trend. The Dow S&P 500 are trading below the T line. The NASDAQ is currently just nudging the T-line. The transportation index is showing the most strength, indicating the market trend is more likely to be in a slow downward drift versus a hard selling. State law in a strong sectors, oil, gold, and the Biotech’s. The retail area can be shorted.