Political events continue to keep the market in a sideways mode. This lack of direction for the overall market continues to put more emphasis on each individual stock chart. Continue to stay predominantly long but be aware that world political decisions will be adding to specific sectors or detracting from specific sectors. For example, today the defense stocks and gold stocks are reacting to the positive side. Utilize the candlestick charts to pinpoint which sectors are getting good strength.
May 24th Daily Market Comments
Political events continue to keep the market in a sideways mode. This lack of direction for the overall market continues to put more emphasis on each individual stock chart. Continue to stay predominantly long but be aware that world political decisions will be adding to specific sectors or detracting from specific sectors. For example, today the defense stocks and gold stocks are reacting to the positive side. Utilize the candlestick charts to pinpoint which sectors are getting good strength.