The trend analysis remains the same, the indexes demonstrating indecisive trading each day and the T-line continuing to act as a resistance factor. There is still plenty of indecision, the virus expanding, the election results. The slow downward drift of the market continues to produce a trading environment that can have both long and short positions in the portfolio, but each direction requires full confirmation that each stock price trend is not showing reversals, candlestick signals. Heavier cash positions is prudent.
October 26th Daily Market Comments
The trend analysis remains the same, the indexes demonstrating indecisive trading each day and the T-line continuing to act as a resistance factor. There is still plenty of indecision, the virus expanding, the election results. The slow downward drift of the market continues to produce a trading environment that can have both long and short positions in the portfolio, but each direction requires full confirmation that each stock price trend is not showing reversals, candlestick signals. Heavier cash positions is prudent.