The T-line rule! As long as the indexes cannot close back up above the T-line, assume the downtrend is in progress. The indecisive nature of trading is the indecision going into the election. Obviously, this makes trading relatively difficult, investor sentiment can swing one way or the other based upon the prospects of the stimulus package. The indecisive trading is not only in the indexes but in individual stocks. Numerous trending stocks have experienced choppy trend movement. However, there is evidence of bearish trades starting to work with more consistency,NVAX, OSTK. Keep safety stops in place.
October 21st Daily Market Comments
The T-line rule! As long as the indexes cannot close back up above the T-line, assume the downtrend is in progress. The indecisive nature of trading is the indecision going into the election. Obviously, this makes trading relatively difficult, investor sentiment can swing one way or the other based upon the prospects of the stimulus package. The indecisive trading is not only in the indexes but in individual stocks. Numerous trending stocks have experienced choppy trend movement. However, there is evidence of bearish trades starting to work with more consistency,NVAX, OSTK. Keep safety stops in place.