Consolidation is still the main trading factor Today, the major indexes trading relatively flat after trading higher on the open. However, consolidation is more evident versus any reversal of investor sentiment based upon the transportation index continuing to trade in a strong bullish uptrend. Expect some profit-taking in this area but as of yet there is not any signs of any major change of investor sentiment. The strategy remains the same, stay predominately long but have safety stops in place.
October 14th Daily Market Comments
Consolidation is still the main trading factor Today, the major indexes trading relatively flat after trading higher on the open. However, consolidation is more evident versus any reversal of investor sentiment based upon the transportation index continuing to trade in a strong bullish uptrend. Expect some profit-taking in this area but as of yet there is not any signs of any major change of investor sentiment. The strategy remains the same, stay predominately long but have safety stops in place.