The indecisive trading today does not indicate any change of investor sentiment. Although the Dow and the S&P 500 looks like they’re running out of steam, the NASDAQ continues to trade sideways as if in a consolidation stage. At this area of the trend, individual stocks/sectors are moving on their own basis. Stay long in positions that are not showing sell signals and moving back below the T-line.
November 10 Daily Market Comments
The indecisive trading today does not indicate any change of investor sentiment. Although the Dow and the S&P 500 looks like they’re running out of steam, the NASDAQ continues to trade sideways as if in a consolidation stage. At this area of the trend, individual stocks/sectors are moving on their own basis. Stay long in positions that are not showing sell signals and moving back below the T-line.