The Dow, transportation index, and the S&P 500 are showing good bullish confirmation. The NASDAQ, although trading higher, is trading below where it opened after resisting at the 50 day moving average this is still producing good bullish charts as well as good bearish charts. Numerous high tech stocks continue to show weakness. Have both long and short positions in the portfolio.
April 21st Daily Market Comments
The Dow, transportation index, and the S&P 500 are showing good bullish confirmation. The NASDAQ, although trading higher, is trading below where it opened after resisting at the 50 day moving average this is still producing good bullish charts as well as good bearish charts. Numerous high tech stocks continue to show weakness. Have both long and short positions in the portfolio.