The markets are still in a pullback/consolidation stage. The NASDAQ and the Dow are trading almost back to the 50 day moving average. The S&P 500 trading below the T-line. The selling remains fairly strong in the technology area. However, some of the basic industries, such as the energy area are acting well. These market conditions still warrant having both long and short positions in the portfolio. Watch gold stocks, they appeared to be picking up bullish signals. Utilize the patterns.
September 25th Daily Market Comments
The markets are still in a pullback/consolidation stage. The NASDAQ and the Dow are trading almost back to the 50 day moving average. The S&P 500 trading below the T-line. The selling remains fairly strong in the technology area. However, some of the basic industries, such as the energy area are acting well. These market conditions still warrant having both long and short positions in the portfolio. Watch gold stocks, they appeared to be picking up bullish signals.
Utilize the patterns.