November 13th Daily Market Comments

No direction! The markets are having a hard time finding a direction. Up one day down the next day. Be careful of today’s bullish bounce. The same is occurring in individual stock prices up one day down the next day making trading very difficult. When trading becomes difficult, sit back in cash until there is more decisive price movements. Although strong signals and patterns are less plentiful in these market conditions, there are still good trades set ups available.