September 8th Daily Market Comments

The indecisive nature of the market remains obvious. The Dow is trading relatively flat after testing support at the 50 day moving average, the NASDAQ trading lower but still above the T-line. The candlestick chart indications still lean toward more selling but note that AMZN, NFLX and TSLA are trading positive today, implying that there is not a mass exodus ready to occur in this market. The short positions are working better than long positions.