The oscillating nature of the market persists. Although the overall trend is up, the nature of the market makes it difficult to try to hold positions from one day to the next for trading. Daytrading, getting in and out on the same day, is a viable strategy or holding positions for a much longer timeframe, two weeks to three weeks, is another strategy. Investor sentiment reveals that it is still in a tentative stage. This is evident when day-to-day announcements can move the market one way or the other. Stay predominately long but remain nimble. Note that numerous stocks have come back and tested the T-line.
May 1st Daily Market Comments
The oscillating nature of the market persists. Although the overall trend is up, the nature of the market makes it difficult to try to hold positions from one day to the next for trading. Daytrading, getting in and out on the same day, is a viable strategy or holding positions for a much longer timeframe, two weeks to three weeks, is another strategy. Investor sentiment reveals that it is still in a tentative stage. This is evident when day-to-day announcements can move the market one way or the other. Stay predominately long but remain nimble. Note that numerous stocks have come back and tested the T-line.