September 7th Daily Market Comments

Today’s trading appears to be a rebound/consolidation day. Numerous stocks that have been trading lower over the past few days are showing bounces. Stocks that were trading higher over the past few days are showing weakness. This does not indicate any major change of investor sentiment in the overall market, mainly because there wasn’t any dramatic investors consensus over the past few trading days. Existing positions should remain in place as long as there is not any dramatic reversal signals.