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Uneasy Market September 14, 2019

Posted by Tom in Thoughts.

Sept. 13, 2019 – OK, the NASDAQ Composite Index (i.e. “market”) made it above the 8048 resistance level, but the price action remains poor. This type of condition is very unusual so I’m calling it an “Uneasy Market” for now. Thus I’m not taking an aggressive / fully invested position right now. What would change my mind is a close above 8243, the “3 bar reversal” level.

I’m going to be brief; on a short term cell phone wi-fi network. Let’s look at sector strength:

An unusual combo of strong sectors: Banks, Energy, Small Cap stocks.

That’s it for now. Be cautious and have a good week. …… Tom ………


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