April 6th Daily Market Comments

A consolidation day, the indexes are not moving one way or the other with any conviction. The strong individual chart signals continue to work i.e.HZNP kicker signal still performing. The electric vehicle sector is showing strength again. The T line remains the ultimate trend indicator. Stay long in positions that continue to stay above the T-line without sell signals. Fry pan bottom patterns are working well without any bearish sentiment in the overall market. Use the patterns to your advantage while the market remains in a steady uptrend.