Although the market indexes started out a little bit slow today, bullish sentiment started coming back into the markets on a slow steady basis. This adds to the credibility of the market uptrend, coming out of a frypan bottom last week, breaking up through the 50 day moving average breakout area. Stay predominantly long. Take profits in short positions if they start losing selling strength/showing bullish signals.
September 9th Daily Market Comments
Although the market indexes started out a little bit slow today, bullish sentiment started coming back into the markets on a slow steady basis. This adds to the credibility of the market uptrend, coming out of a frypan bottom last week, breaking up through the 50 day moving average breakout area. Stay predominantly long. Take profits in short positions if they start losing selling strength/showing bullish signals.