The Dow formed an inverted hammer/Doji on Friday, which brought it back down below the T-line. The trend was going to move in the direction of how they open the markets today. Currently, as seen, the bullish trading has brought the Dow and S&P 500 back up above the T-line creating a morning star signal. It will be important to see the indexes closing above the T-line today. The strong sectors remain the gold and crude oil areas. Numerous stocks are trading up off major support levels with good candlestick buy signals today, but once again it remains very important to see bullish sentiment going into the close.
April 11 Daily Market Direction
The Dow formed an inverted hammer/Doji on Friday, which brought it back down below the T-line. The trend was going to move in the direction of how they open the markets today. Currently, as seen, the bullish trading has brought the Dow and S&P 500 back up above the T-line creating a morning star signal. It will be important to see the indexes closing above the T-line today. The strong sectors remain the gold and crude oil areas. Numerous stocks are trading up off major support levels with good candlestick buy signals today, but once again it remains very important to see bullish sentiment going into the close.