Caution continues to be advised. Stops have been tightened, profits on longs taken, and short hedges established. Market breadth has weakened significantly; transports have led the Dow lower (weakening the Dow Theory buy signal established in July), and initial bear market rally targets have been met.
Visit our Market Tour on Stockcharts.com. Red is bearish, Green Bullish and Black neutral. Note most market observations are red (bearish).
No comments:
Post a Comment