October 21st Daily Market Comments

Today’s trading is demonstrating another indecisive trading day, the Dow and the S&P 500 currently forming Doji’s, the NASDAQ pulling back almost to the T-line and the transportation index trading positive. Although this does not show any change of the current trend, the fact that the Dow and the S&P 500 have formed a series of doji’s in the overbought condition should be an alert. Stay predominately long but be ready to take some profits if any weakness starts appearing in the markets.