Be careful, watch the T-line on the Dow. A candlestick sell signal and a close below the T-line has high probability ramifications, illustrated in ZM and LK. The Dow has currently bounced back up to the T-line, it will be important to see what it does from that level. Oil stocks are showing strength with the prospects of Trump getting Saudi Arabia and Russia to reconcile. Have both long and short positions in the portfolio.
April 2nd Daily Market Comments
Be careful, watch the T-line on the Dow. A candlestick sell signal and a close below the T-line has high probability ramifications, illustrated in ZM and LK. The Dow has currently bounced back up to the T-line, it will be important to see what it does from that level. Oil stocks are showing strength with the prospects of Trump getting Saudi Arabia and Russia to reconcile. Have both long and short positions in the portfolio.