Quiet Day

Not much to say about today - good or bad. The Nasdaq finished with a small doji which is perhaps a little nod to bulls, but it would be a stretch to say today was a bullish day.


The Russell 2000 went the other way and lost a little ground. However, with the 200-day MA holding as support there is no immediate concern on the loss. I would watch for a doji or bullish hammer tagging converged 20-day MA and 50-day MAs; this may become a buying opportunity.


For tomorrow, markets need to kick-on from the current malaise. Things have gone quiet, and when markets go quiet - they drift -  and this typically leads to lower prices.


You've now read my opinion, next read Douglas' blog.

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