The market trend remains wildly unexciting. The nature of this boring market still makes each individual stock chart the primary analytical factor. The biotech’s are still in a downtrend. Crude oil appears to have stabilized in the $50 area, not moving too much one way or the other from that level. Remaining in any positions should have compelling charts. Having a higher percentage in cash is not a bad strategy at this point.
October 28th Daily Market Comments
The market trend remains wildly unexciting. The nature of this boring market still makes each individual stock chart the primary analytical factor. The biotech’s are still in a downtrend. Crude oil appears to have stabilized in the $50 area, not moving too much one way or the other from that level. Remaining in any positions should have compelling charts. Having a higher percentage in cash is not a bad strategy at this point.