February is off to a bit of a better start than January. The funds in most strategies will attempt to dig themselves out of a hole over the next couple of months.
Markets are poised to make lower lows or are setting up to reverse course and make the sell-off from a few weeks ago look like the bottom of this market. In other words...
Just looking at the charts of the dow, nasdaq and s&p, the markets are either poised to move to lower lows, or are shifting their course after bottoming out a few weeks back and are set to move higher. That is the great thing about the markets. One can predict and forecast and it can all be for naught as the market will just do what it will do. We can stand back and only attempt to get the best part of the moves to the upside or to the downside.
Happy Friday.
DJIA 12,182.13
NASDAQ 2,304.85
SP500 1,331.29
Labels: commentary, djia, nasdaq, sp500, technical analysis