The Dow up strong, the transportation index up stronger, the NASDAQ selling off hard, indicating the market is currently very sector oriented. The candlestick charts clearly reveal which stocks/sectors are starting to sell off and which sectors are starting to be bought. AMZN, NVDA, AAPL, TSLA the big names that have acted well are now getting hard selling. Retailers and banks are getting good strength. Long and short positions should be executed and maintained upon their specific charts. This is not anything profound. The candlestick charts make it easy to see which areas to be long and which areas to be short.
November 29th Daily Market Comments
The Dow up strong, the transportation index up stronger, the NASDAQ selling off hard, indicating the market is currently very sector oriented. The candlestick charts clearly reveal which stocks/sectors are starting to sell off and which sectors are starting to be bought. AMZN, NVDA, AAPL, TSLA the big names that have acted well are now getting hard selling. Retailers and banks are getting good strength. Long and short positions should be executed and maintained upon their specific charts. This is not anything profound. The candlestick charts make it easy to see which areas to be long and which areas to be short.