November 10th Daily Market Comments

Although the Dow is trading positive, it is not showing any great resiliency. A bigger evaluation comes from the gap down in the NASDAQ after yesterday’s bearish left/right combo. The lower trading in the S&P 500 is confirming yesterday’s shooting star signal. The sell signals are confirming. Any long positions that are not showing excessive strength today should be closed out. Short positions are showing much stronger profitability. The sell signals of yesterday provide much stronger probabilities of more downside.