Today’s weakness in the markets continue to indicate consolidation versus a full-scale reversal. This is evident with the fact that the transportation index is still trading positive while the other indexes are selling off. Additionally, numerous stocks that have been trading in an uptrend are still trading positive today. These factors indicate there is not a wholesale change of investor sentiment. Have both long and short positions in the portfolio.
November 10th Daily Market Comments
Today’s weakness in the markets continue to indicate consolidation versus a full-scale reversal. This is evident with the fact that the transportation index is still trading positive while the other indexes are selling off. Additionally, numerous stocks that have been trading in an uptrend are still trading positive today. These factors indicate there is not a wholesale change of investor sentiment. Have both long and short positions in the portfolio.