Which way are the markets moving? Strong buying today but still trading well below the T-line. When the market conditions get to the point where you do not know whether you should be long or short, wait for more investor sentiment information. Obviously numerous stocks that traded much lower yesterday are showing bounces to the upside Today. Closing positions or opening new positions should probably be delayed until the end of the day, witnessing whether the Bulls are still maintaining going into the close or the continued downtrend is in progress. A pretty nebulous analysis but when you cannot have a clear analysis of which way the market is moving, sit on the sidelines for a little bit.
October 25th Daily Market Comments
Which way are the markets moving? Strong buying today but still trading well below the T-line. When the market conditions get to the point where you do not know whether you should be long or short, wait for more investor sentiment information. Obviously numerous stocks that traded much lower yesterday are showing bounces to the upside Today. Closing positions or opening new positions should probably be delayed until the end of the day, witnessing whether the Bulls are still maintaining going into the close or the continued downtrend is in progress. A pretty nebulous analysis but when you cannot have a clear analysis of which way the market is moving, sit on the sidelines for a little bit.