The Dow and the S&P 500 are forming a McMuffin type Patterns, implying more steady uptrend. The NASDAQ is trading back up through the open of Friday, demonstrating the lack of any selling pressure. The Biotech’s continue to show strength. The market is still a sector specific trading environment. Be predominately long.
May 24th Daily Market Comments
The Dow and the S&P 500 are forming a McMuffin type Patterns, implying more steady uptrend. The NASDAQ is trading back up through the open of Friday, demonstrating the lack of any selling pressure. The Biotech’s continue to show strength. The market is still a sector specific trading environment. Be predominately long.