Inflation! It’s not going away yet. The NASDAQ and S&P 500 have gapped down below recent lows. However the Dow opened at the recent lows and is currently trading above where it opened. This makes today’s open in the Dow an important trend factor. It will be important to see whether today’s open in the Dow is going to act as a double bottom support. Stay short, the short positions are obviously working well.
October 13th Daily Market Comments
Inflation! It’s not going away yet. The NASDAQ and S&P 500 have gapped down below recent lows. However the Dow opened at the recent lows and is currently trading above where it opened. This makes today’s open in the Dow an important trend factor. It will be important to see whether today’s open in the Dow is going to act as a double bottom support. Stay short, the short positions are obviously working well.