Today’s positive trading adds more comfort that the uptrend remains in progress with the indexes all trading above the T-line. However, the transportation index is selling off hard. This reveals that sector rotation is still prevalent in this slow uptrending market. Stay predominantly long but keep defensive stops in place.
May 1st Daily Market Comments
Today’s positive trading adds more comfort that the uptrend remains in progress with the indexes all trading above the T-line. However, the transportation index is selling off hard. This reveals that sector rotation is still prevalent in this slow uptrending market. Stay predominantly long but keep defensive stops in place.