After selling off in the morning, the market showed some strength. But looking at the daily chart, it’s just a doji day, and the indexes are forming a bear flag, as seen here in the S&P 500. The market is oversold though, and could bounce as we head into a holiday weekend.
I had a trigger […]
A pretty good up day in stocks. If we get another day like this soon, it could confirm a new rally. Friday was day 1 of a rally attempt. The confirmation should happen at least at day 4, which is tomorrow. Let’s hope we can get a rally soon, because this action sucks.
No triggers today. […]
Quick post tonight. Not much follow through on Friday’s bullish reversal. Today saw a bearish close. This market is way too choppy and not offering many opportunities. I may call it a week, since I will be taking a vacation soon. Will be watching current watchlist tomorrow, but not forcing any new trades.
