The T-line remains a very critical analytical level. Although the indexes produced a strong reversal, today’s trading below the T-line on the indexes indicates the potential of the markets heading lower. It will be important to see how they close the markets Today. The indecisive trend continues to make the analysis of individual stocks and sectors much more critical. Obviously, any positions maintained should have very compelling reasons to maintain. Until the markets can produce an observable trend, bullish or bearish, maintaining a heavier cash position is still the best strategy.
April 1st Daily Market Comments
The T-line remains a very critical analytical level. Although the indexes produced a strong reversal, today’s trading below the T-line on the indexes indicates the potential of the markets heading lower. It will be important to see how they close the markets Today. The indecisive trend continues to make the analysis of individual stocks and sectors much more critical. Obviously, any positions maintained should have very compelling reasons to maintain. Until the markets can produce an observable trend, bullish or bearish, maintaining a heavier cash position is still the best strategy.