November 9th Daily Market Comments

The markets are trading lower, the past week of Doji’s in the Dow provided the suspicion of some profit-taking about ready to occur. However, currently the lower trading is showing Doji type day pullbacks, meaning not very convincing selling. The NASDAQ, trading lower, but above the open. This indicates the currently there is no dramatic selling in the markets, merely profit-taking. Use each individual chart as your primary analysis. Watch where the market indexes close today. Currently the T-line is still acting as a relevant support. Oil stocks are rebounding as crude oil prices are also moving up after a double Doji signal.