The markets are not showing any dynamic strength today but they are still trading above the T-line. The Dow has actually used the T-line as support today at its low end of trading. As long as the indexes remain above the T-line, the uptrend is in progress and probably what the same characteristics as the uptrend prior to the selloff late last week, a slow steady uptrend. The trading environment remains the same. Have both long and short positions in the portfolio.
August 15th Daily Market Comments
The markets are not showing any dynamic strength today but they are still trading above the T-line. The Dow has actually used the T-line as support today at its low end of trading. As long as the indexes remain above the T-line, the uptrend is in progress and probably what the same characteristics as the uptrend prior to the selloff late last week, a slow steady uptrend. The trading environment remains the same. Have both long and short positions in the portfolio.