It should be noted that when the market indexes open higher today, they all opened at the T-line and then started selling off. Obviously this is an indication the Bulls have not taken back control. The expectation for the Dow and the S&P 500 is continued consolidation coming back to the 200 day moving average. This implies the market is not yet going to have renewed upward pressure. Continue to hold both long and short positions in the portfolio.
November 11th Daily Market Comments
It should be noted that when the market indexes open higher today, they all opened at the T-line and then started selling off. Obviously this is an indication the Bulls have not taken back control. The expectation for the Dow and the S&P 500 is continued consolidation coming back to the 200 day moving average. This implies the market is not yet going to have renewed upward pressure. Continue to hold both long and short positions in the portfolio.