September 28th Daily Market Comments

Today’s lack of conviction, after yesterday’s strong bullish day, continues to make the sideways trend channel the likely trend evaluation. This lack of enthusiasm in the overall market trend continues to make each individual stock chart the predominant evaluation. The biotech’s appear to be picking up steam. Gold remains in a sideways mode. Crude oil is still in a sideways wedge formation. The summer doldrums appear to have continued into the fall.