November 14th Daily Market Comments

Today’s lower trading is now creating strong bearish implications. The Dow has not been able to get back up above the T-line over the past few days of trading. Today’s gap down and lower trading is further confirming the downward trajectory of the stochastics. The NASDAQ and S&P 500 were showing prospects of just barely staying above the T-line but Today’s strong selling is demonstrating the acceleration of the bearish participation of the overall market. Short positions are obviously working well. Any long positions being maintained should have compelling evidence, no sell signals or trading below the T-line, to stay in those positions. Expect more downside in the markets if there is no bullish signal formations created going into the close.