Free Stock Market Research Report by Jason Ng, the man behind The Star Trading System (one of the best option trading systems)
Another day where investors are neither committed up or down. This is also why the Star Trading System continues to produce both bullish and bearish stars today. The Star Trading System prepositions us in the right direciton using the appropriate type of stars, so don’t be surprised to see completely no bullish or bearish stars for a few days or even no stars at all sometimes.
The Dow closed slightly upwards by 48 points today, retreating from its intraday high. Indeed, it is nothing strange to see a few sideways days like this one after every strong one day surge. This is further supported by the fact that investors are likely to remain cautious before the CPI numbers this Thursday. However, I do see optimism continuing to build up in the form of rising bond yield curve (see bond yield curve) and dropping total equities put call ratio (see Put Call Ratio). The broader market also displayed healthy internals with the only exception being the Basic Materials sector, which have been extremely volatile lately.
Star Option Trader’s Thought For The Day : “Always Respect The Market”
