Bullish investor sentiment is becoming more solidified with the Dow trying to get up through the50 day moving average, with a J hook type pattern. The NASDAQ remains above the 50 and the 200 day moving average, with the T line continuing to act as a bullish uptrend indicator. This uptrend is producing good profits especially in the biotech area. Sunshine, warm weather, and now a handle on how to slow down the virus statistics may be why bullish sentiment is evident. Stay predominately long.
April 27th Daily Market Comments
Bullish investor sentiment is becoming more solidified with the Dow trying to get up through the50 day moving average, with a J hook type pattern. The NASDAQ remains above the 50 and the 200 day moving average, with the T line continuing to act as a bullish uptrend indicator. This uptrend is producing good profits especially in the biotech area. Sunshine, warm weather, and now a handle on how to slow down the virus statistics may be why bullish sentiment is evident. Stay predominately long.