November 13th Daily Market Comments

The market pullback is showing a consistent factor. The markets opened lower but trade above where they opened by the end of the day. This is currently demonstrating the sellers have not taken control of the trend. However, the indexes are trading below the T-line, giving more probabilities that investor sentiment is more inclined to be on the bearish side until there is a close backup above the T-line. The tentative nature of the current market conditions still require holding long positions that are not demonstrating any sell signals and having short positions also in the portfolio.