May 21st Daily Market Comments

The markets still can’t make up their minds, illustrated by the trading above the T-line and back below the T-line, then backup above. This clearly indicates there is no major consensus by the Bulls or the Bears. Both long and short positions are still trading profitably off candlestick signals. Until there is a definite signal confirmed by a close above or below the T-line, have both long and short positions in the portfolio. Obviously, this is a very schizophrenic market to trade.