The NASDAQ is trading slightly positive. Currently it is producing a bullish Harami/Doji right on the 50 day moving average with stochastics just getting into the oversold condition. It will be very important to see how the indexes finish the day. But the nature of the market continues, strong sectors remaining strong with weak sectors remaining weak. There are very good uptrending positions as well as good bearish positions.
May 2nd Daily Market Comments
The NASDAQ is trading slightly positive. Currently it is producing a bullish Harami/Doji right on the 50 day moving average with stochastics just getting into the oversold condition. It will be very important to see how the indexes finish the day. But the nature of the market continues, strong sectors remaining strong with weak sectors remaining weak. There are very good uptrending positions as well as good bearish positions.