As anticipated, profit-taking is occurring in today’s trading but not with any great conviction. Numerous bullish chart patterns continue to show good profits. The markets are in the conditions that warrant taking profits in specific sectors and be ready to roll into other sectors. Investor sentiment is conveying that split government may not have a dramatic detrimental effect on the overall economy. The best thing for the economy is having the government in a condition that it can’t screw up dramatically during gridlock. Continue to utilize the strong charts in the strong sectors, i.e. electric vehicles.
November 6th Daily Market Comments
As anticipated, profit-taking is occurring in today’s trading but not with any great conviction. Numerous bullish chart patterns continue to show good profits. The markets are in the conditions that warrant taking profits in specific sectors and be ready to roll into other sectors. Investor sentiment is conveying that split government may not have a dramatic detrimental effect on the overall economy. The best thing for the economy is having the government in a condition that it can’t screw up dramatically during gridlock. Continue to utilize the strong charts in the strong sectors, i.e. electric vehicles.