The indexes did not confirm the potential sell signals of yesterday. The NASDAQ is trading above yesterday’s open of a bearish engulfing signal. The S&P 500 is currently forming a bullish trend kicker. The Dow continues its uptrend. Gold stocks are reacting well Today to higher gold prices, bobble breakouts and trend kicker signals. Although potential sell signals occurred yesterday in the indexes, they have been negated today with additional confirmation the T line still acts as an up trending support.
April 15th Daily Market Comments
The indexes did not confirm the potential sell signals of yesterday. The NASDAQ is trading above yesterday’s open of a bearish engulfing signal. The S&P 500 is currently forming a bullish trend kicker. The Dow continues its uptrend. Gold stocks are reacting well Today to higher gold prices, bobble breakouts and trend kicker signals. Although potential sell signals occurred yesterday in the indexes, they have been negated today with additional confirmation the T line still acts as an up trending support.