April 5th Daily Market Comments

The prognosis remains the same, the uptrend is still in progress without any change of investor sentiment. The consistent uptrend in the markets are now pushing numerous stocks through resistance levels i.e.SGEN a wedge breakout. The Dow broke out through its wedge pattern over the past few days, indicating wave three should produce another strong persistent uptrend. Stay predominantly long but there are still good short positions working, STNE.