The lack of direction in the market indexes continue to make specific stock/sectors the top criteria. The market remains in a bearish trend as long as the indexes continue to trade below the T line. Although the Dow is trading positive, it is not demonstrating any bullish or bearish conviction, sideways. Analyze each chart on its own merits.
April 18th Daily Market Comments
The lack of direction in the market indexes continue to make specific stock/sectors the top criteria. The market remains in a bearish trend as long as the indexes continue to trade below the T line. Although the Dow is trading positive, it is not demonstrating any bullish or bearish conviction, sideways. Analyze each chart on its own merits.