September 15th Daily Market Comments

The NASDAQ is showing buy signals at the 50 day moving average, with current trading just above the T-line. The Dow, however, trading positive has stalled at the 3T-line and stochastics are still just now heading into the oversold area. This combination indicates the majority of the selling may be over, a bottom trying to form in this area. Short positions have not shown any great resiliency to the downside. Continue to take advantage of the bullish frypan bottom patterns.

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