The market indexes are in a potential transition area, oversold, away from the T line, forming a potential bullish Harami today in the Dow and the NASDAQ. However, the final analysis is determined by what the indexes do at the end of the day. Any short positions showing excessive buying, such as kicker signals i.e.NFLX in the oversold area. Close positions, there are better probability trades elsewhere.
September 28th Daily Market Comments
The market indexes are in a potential transition area, oversold, away from the T line, forming a potential bullish Harami today in the Dow and the NASDAQ. However, the final analysis is determined by what the indexes do at the end of the day. Any short positions showing excessive buying, such as kicker signals i.e.NFLX in the oversold area. Close positions, there are better probability trades elsewhere.