Mixed Start For The Week...
A mixed start for the week as the Dow closed up 45.8 points and the Nasdaq composite closing down 4.76 points.
The Dow's "sneak out" today despite the leader, Nasdaq composite, losing momentum came as a surprise. It was again a sneak out because there really isn't a significant volume backing today's "rally". With the leader losing momentum, the pullback can't be far away.
Even though the market is all crazy lately, it didn't stop my Star Trading System from making a 52.7% profit on CSX today.
For now, the Dow remains in short term neutral trend within an intermediate and primary bull trend.
The Dow's "sneak out" today despite the leader, Nasdaq composite, losing momentum came as a surprise. It was again a sneak out because there really isn't a significant volume backing today's "rally". With the leader losing momentum, the pullback can't be far away.
Even though the market is all crazy lately, it didn't stop my Star Trading System from making a 52.7% profit on CSX today.
For now, the Dow remains in short term neutral trend within an intermediate and primary bull trend.
posted by Jason Ng at 7:27 PM
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