Although the NASDAQ and the S&P 500 closed relatively strong yesterday, the slight weakness in the Dow chart revealed the uptrend in the markets might not be enthusiastic. This visual analysis indicates a slow uptrend prospect at best, making the evaluation on each stock/sector the crucial assessment. Both long and short positions are working. Continue to have safety stops in place.
November 17th Daily Market Comments
Although the NASDAQ and the S&P 500 closed relatively strong yesterday, the slight weakness in the Dow chart revealed the uptrend in the markets might not be enthusiastic. This visual analysis indicates a slow uptrend prospect at best, making the evaluation on each stock/sector the crucial assessment. Both long and short positions are working. Continue to have safety stops in place.