The Dow is down, the NASDAQ is up, and the S&P 500 is flat. No change of investor sentiment. The NASDAQ is the most compelling indicating the potential of a J-hook pattern with it continuing to trade above the T-line. The S&P 500 is trading right at the T-line. The Dow just slightly below the T-line. The lack of any identifiable reversal signals implies the uptrend remains in progress albeit relatively slow. This makes analyzing individual stocks/sectors the prominent analysis. Gold prices appear to be stabilizing. Shipping stocks are showing good strength today.
March 13th Daily Market Comments
The Dow is down, the NASDAQ is up, and the S&P 500 is flat. No change of investor sentiment. The NASDAQ is the most compelling indicating the potential of a J-hook pattern with it continuing to trade above the T-line. The S&P 500 is trading right at the T-line. The Dow just slightly below the T-line. The lack of any identifiable reversal signals implies the uptrend remains in progress albeit relatively slow. This makes analyzing individual stocks/sectors the prominent analysis. Gold prices appear to be stabilizing. Shipping stocks are showing good strength today.