Yesterday the market indexes created potential sell signals, bearish engulfing signals, but they did not close below the T-line. Confirmed selling would have been exhibited had the markets opened lower Today. The strength in Today’s trading, as long as it remains going into the close, reveals the T-line is still a major support factor. The uptrend remains in progress as long as there is not a severe selling day going into the close today. Continue to analyze each individual stock chart on its own merits with the portfolio still oriented toward the long side.
December 15th Daily Market Comments
Yesterday the market indexes created potential sell signals, bearish engulfing signals, but they did not close below the T-line. Confirmed selling would have been exhibited had the markets opened lower Today. The strength in Today’s trading, as long as it remains going into the close, reveals the T-line is still a major support factor. The uptrend remains in progress as long as there is not a severe selling day going into the close today. Continue to analyze each individual stock chart on its own merits with the portfolio still oriented toward the long side.