Yesterday’s trading, a Doji day and with the Dow failing to close above the T-line, indicated investor sentiment was indecisive, still subject to being influenced by the most current news item or tweet. Did that project Today’s strong selling? No, but it did indicate that investor sentiment could still be reactive to any news or tweet related information, as it had been in the recent past. Other than holding short positions that have remained below the T-line, establishing new positions, especially longs, is still very difficult.
October 8th Daily Market Comments
Yesterday’s trading, a Doji day and with the Dow failing to close above the T-line, indicated investor sentiment was indecisive, still subject to being influenced by the most current news item or tweet. Did that project Today’s strong selling? No, but it did indicate that investor sentiment could still be reactive to any news or tweet related information, as it had been in the recent past. Other than holding short positions that have remained below the T-line, establishing new positions, especially longs, is still very difficult.