Today’s positive trading in the Dow is clearly reflective of the support at the 50 day moving average. The NASDAQ is still demonstrating reasonable strength, moving somewhat sideways over the past few weeks but still showing bullish signs as the trend stays within reasonable range of the recent highs. Note that today’s trading has been a very slow and consistent move to the upside, continuing to reveal there is no exuberance yet experienced in this steady uptrend. A good strategy remains having predominantly long positions in the portfolio with a few short positions.
April 10th Daily Market Comments
Today’s positive trading in the Dow is clearly reflective of the support at the 50 day moving average. The NASDAQ is still demonstrating reasonable strength, moving somewhat sideways over the past few weeks but still showing bullish signs as the trend stays within reasonable range of the recent highs. Note that today’s trading has been a very slow and consistent move to the upside, continuing to reveal there is no exuberance yet experienced in this steady uptrend. A good strategy remains having predominantly long positions in the portfolio with a few short positions.