Home > Stock Market Strategy, Stock Market Timing > WALL STREET CRAPS STOCK MARKET STRATEGY FEBRUARY 10, 2019

WALL STREET CRAPS STOCK MARKET STRATEGY FEBRUARY 10, 2019

February 10th, 2019

craps front coverSTOCK MARKET STRATEGY FOR FEBRUARY 10, 2019: The stock market showed some downside action with a turnaround near the close of Friday. Two of the internal oscillators are in “oversold” territory and may suggest that the downside pressure should subside near-term. But the other internal indicators (new choices to reflect other perspectives of the market) suggest that this is all short-term action that needs more time to set up properly for a stronger move in either direction.

Key underlying short-term timing indicators show the following:

***********

THE BOTTOM LINE: The market may have hit a very short-term bottom on Friday but any major moves will require more time to set up properly. This may be a good time to step aside and let time create a better opportunity to trade.

Be Sociable, Share!
Comments are closed.