The transportation index and the NASDAQ continue to trade positive. This indicates the lack of any consensus of selling in the markets. Crude oil is down two dollars on the day. These market conditions still indicate that each individual sector should be bought or sold based upon its own merits. Obviously, the oil stocks are in a sell mode. The big tech stocks are showing bullish sentiment. Continue to stay predominantly long and take profits when specific stocks/sectors start rolling over.
May 25th Daily Market Comments
The transportation index and the NASDAQ continue to trade positive. This indicates the lack of any consensus of selling in the markets. Crude oil is down two dollars on the day. These market conditions still indicate that each individual sector should be bought or sold based upon its own merits. Obviously, the oil stocks are in a sell mode. The big tech stocks are showing bullish sentiment. Continue to stay predominantly long and take profits when specific stocks/sectors start rolling over.