The markets are in a wait and see mode, waiting for the Fed announcements. However, the markets are not demonstrating any change of investor sentiment, continuing the uptrend. There are a small number of talking heads still warning of a market selloff the same as 2008. This is very bullish. Take advantage of the signals and patterns that are working. The frypan bottom pattern is producing great results, i.e. UIS, CVLT. ROKU is in the process of developing a Doji sandwich breakout.
October 30th Daily Market Comments
The markets are in a wait and see mode, waiting for the Fed announcements. However, the markets are not demonstrating any change of investor sentiment, continuing the uptrend. There are a small number of talking heads still warning of a market selloff the same as 2008. This is very bullish. Take advantage of the signals and patterns that are working. The frypan bottom pattern is producing great results, i.e. UIS, CVLT. ROKU is in the process of developing a Doji sandwich breakout.