Today’s trading continues to illustrate indecisive consolidation. The Dow trading lower but above where it opened, the S&P 500 trading absolutely flat, and the NASDAQ trading relatively flat since the open. The big mover is crude oil with Saudi Arabia announcing they should be back in full production in just a matter of a couple weeks. The uptrend is in a consolidation stage but still trading above the T-line, making each individual stock chart the main criteria. Stay predominantly long but have a few short positions in the portfolio.
September 17th Daily Market Comments
Today’s trading continues to illustrate indecisive consolidation. The Dow trading lower but above where it opened, the S&P 500 trading absolutely flat, and the NASDAQ trading relatively flat since the open. The big mover is crude oil with Saudi Arabia announcing they should be back in full production in just a matter of a couple weeks. The uptrend is in a consolidation stage but still trading above the T-line, making each individual stock chart the main criteria. Stay predominantly long but have a few short positions in the portfolio.