The lower open in the Dow today could have been scary but at the same time the qqq’s were opening positive. This was a good indication that the markets were not turning over. Although the Dow and S&P 500 are currently not doing anything with great resiliency, they are still trading at or above the T-line. Stay long. Gold stocks and oil stocks are still acting strong.
April 28th, 2016
The lower open in the Dow today could have been scary but at the same time the qqq’s were opening positive. This was a good indication that the markets were not turning over. Although the Dow and S&P 500 are currently not doing anything with great resiliency, they are still trading at or above the T-line. Stay long. Gold stocks and oil stocks are still acting strong.