Today’s initial small positive trading in the indexes had to be looked at with some skepticism with the transportation index continuing to selloff hard. The bearish kicker signal in the indexes yesterday produced strong evidence the downtrend is going to continue. A signal demonstrates a much greater probability of a price/trend direction versus merely a down day in an uptrend. Short positions can be added upon weakness.
September 14th Daily Market Comments
Today’s initial small positive trading in the indexes had to be looked at with some skepticism with the transportation index continuing to selloff hard. The bearish kicker signal in the indexes yesterday produced strong evidence the downtrend is going to continue. A signal demonstrates a much greater probability of a price/trend direction versus merely a down day in an uptrend. Short positions can be added upon weakness.