Tuesday’s trading created a corundum. The markets did not know which way it wanted to go. Wednesday’s trading solve that problem. The tremendous Up in the NASDAQ provided a strong trend scenario. It formed an island reversal. At the same time, the DOW confirmed a bullish Harami and closed significantly above the T-line. Use the simple trend analysis, as long as the indexes close above the T-line, and uptrend is in progress.
April 25 Daily Market Comments
April 25, 2012