The markets are in a whipsaw mode, indicating investor sentiment does not indicate a consensus of trend direction from day-to-day. The Dow is currently in a sideways channel. The NASDAQ and the S&P 500 are bouncing around the T line. The market does not know where it wants to go. This is illustrated by the candlestick charts. If favorable probabilities cannot be identified in the market trend and/or individual positions, sit back until trend results can be better identified.
October 17th Daily Market Comments
The markets are in a whipsaw mode, indicating investor sentiment does not indicate a consensus of trend direction from day-to-day. The Dow is currently in a sideways channel. The NASDAQ and the S&P 500 are bouncing around the T line. The market does not know where it wants to go. This is illustrated by the candlestick charts. If favorable probabilities cannot be identified in the market trend and/or individual positions, sit back until trend results can be better identified.