When the market indexes are not providing conclusive indication of direction, the T-line becomes a very strong indicator that sorts out all the oscillation. Today’s trading in the markets, although slightly lower, still reveals buying based upon the indexes currently trading above where they opened or right in the same range of where they opened. Add additional evidence the Bulls are still in slight control with the major trading stocks, AAPL, AMZN, Nflx, NVDA, trading positive, indicating the lack of any major change of investor sentiment. When adding all this visual evidence together, the final criteria is where the markets are trading relative to the T-line. Simple analysis, the uptrend is in progress as long as the indexes continue to trade above the T-line.
April 22nd Daily Market Comments
When the market indexes are not providing conclusive indication of direction, the T-line becomes a very strong indicator that sorts out all the oscillation. Today’s trading in the markets, although slightly lower, still reveals buying based upon the indexes currently trading above where they opened or right in the same range of where they opened. Add additional evidence the Bulls are still in slight control with the major trading stocks, AAPL, AMZN, Nflx, NVDA, trading positive, indicating the lack of any major change of investor sentiment. When adding all this visual evidence together, the final criteria is where the markets are trading relative to the T-line. Simple analysis, the uptrend is in progress as long as the indexes continue to trade above the T-line.