The indexes are trading below the T-line why is that important to address? Because the assumption is the bearish sentiment is in control. Knee-jerk reactions such as today’s reaction to Microsoft gapping up have to be watched with skepticism. Note the NASDAQ is trading much higher but currently trading below where it opened, indicating a lack of bullish sentiment after the initial move.
April 26th Daily Market Comments
The indexes are trading below the T-line why is that important to address? Because the assumption is the bearish sentiment is in control. Knee-jerk reactions such as today’s reaction to Microsoft gapping up have to be watched with skepticism. Note the NASDAQ is trading much higher but currently trading below where it opened, indicating a lack of bullish sentiment after the initial move.