The Dow is currently off 58 and the SPX is off 5.73. All the other major indexes are also off for the day. The only strength is in the Transports, trading higher 0.24% at 5230.34.
Unless the market tanks the last 1/2 hour, my Momentum Change indicators will not generate a Sell confirmation today. But we will be examining carefully all the numbers this evening after 6:00 when they generally are all updated. I am very mindful that several well respected timing tools have projected a top this week, and I am also anxious to get some short positions placed, but I will wait for that Momentum Change confirmation.
Best To Your Trading!
Bill
No comments:
Post a Comment