Today’s selling in the market indexes continue to reveal the lack of decisive sentiment in the overall market. Specific sectors are trading strong i.e. biotech’s, while at the same time other sectors are in profit-taking/selling mode i.e. the electric vehicle sector. Trading in this market condition warrants being very diligent as far as scanning to see which sectors are still in uptrends and which other sectors are in position to start taking profits. Trading time frames should be much shorter until a definite trend consistency appears. Take profits quickly.
November 30th Daily Market Comments
Today’s selling in the market indexes continue to reveal the lack of decisive sentiment in the overall market. Specific sectors are trading strong i.e. biotech’s, while at the same time other sectors are in profit-taking/selling mode i.e. the electric vehicle sector. Trading in this market condition warrants being very diligent as far as scanning to see which sectors are still in uptrends and which other sectors are in position to start taking profits. Trading time frames should be much shorter until a definite trend consistency appears. Take profits quickly.