Today’s trading in the indexes continue to indicate a lack of direction. With the indexes opening lower but currently trading positive reveals a basing action in the Dow, NASDAQ and S&P 500. The transportation index is still demonstrating any lack of selling pressure. The trading strategy remains the same, have both long and short positions in the portfolio. Any positions in the portfolio should be utilizing the T-line as the ultimate trend indicator.
September 11th Daily Market Comments
Today’s trading in the indexes continue to indicate a lack of direction. With the indexes opening lower but currently trading positive reveals a basing action in the Dow, NASDAQ and S&P 500. The transportation index is still demonstrating any lack of selling pressure. The trading strategy remains the same, have both long and short positions in the portfolio. Any positions in the portfolio should be utilizing the T-line as the ultimate trend indicator.