After the strong bullish day of Friday June today’s profit-taking is not unexpected. The transportation index is trading positive while the other indexes are trading indecisively lower, indicating today’s selling is not across-the-board. Stay predominately long but be aware the market indexes are currently in the overbought condition. Have stops in place.
October 31st Daily Market Comments
After the strong bullish day of Friday June today’s profit-taking is not unexpected. The transportation index is trading positive while the other indexes are trading indecisively lower, indicating today’s selling is not across-the-board. Stay predominately long but be aware the market indexes are currently in the overbought condition. Have stops in place.