The jobs report has produced positive trading today but currently producing indecisive/Doji formations. A bounce to the T line is the likely prognosis. That same scenario would apply to numerous stock price bounces. Shorts should be covered if that set up is performing an individual stock charts. Adding long positions in this area requires safety stops at levels that would indicate bullish moves have been stifled. The market indexes, although the prospects are moving up to the T line are still below the T line.
September 2nd Daily Market Comments
The jobs report has produced positive trading today but currently producing indecisive/Doji formations. A bounce to the T line is the likely prognosis. That same scenario would apply to numerous stock price bounces. Shorts should be covered if that set up is performing an individual stock charts. Adding long positions in this area requires safety stops at levels that would indicate bullish moves have been stifled. The market indexes, although the prospects are moving up to the T line are still below the T line.