Let the market tell you what the market is doing! This is the Japanese rice traders professing. The longer the indexes remain above the T-line, the more bullish investor sentiment will develop. The NASDAQ continues to trade above the 50 day and 200 day moving average, a much more watched technical level. Notice the financial news stations are not interviewing the experts that predicted the markets heading back down to test the lows and/or going much lower. For your own mental clarification, remember the visual image of a McMuffin pattern illustrating the market bottom a few weeks ago.
April 17th Daily Market Comments
Let the market tell you what the market is doing! This is the Japanese rice traders professing. The longer the indexes remain above the T-line, the more bullish investor sentiment will develop. The NASDAQ continues to trade above the 50 day and 200 day moving average, a much more watched technical level. Notice the financial news stations are not interviewing the experts that predicted the markets heading back down to test the lows and/or going much lower. For your own mental clarification, remember the visual image of a McMuffin pattern illustrating the market bottom a few weeks ago.