The Dow, trading lower, is currently toying with the T-line. The NASDAQ, trading lower, but trading above where it opened. Today’s selling does not appear to be consensus selling across-the-board. Each day the market’s pullback early in the day and then close near the top end of the trading range, the stronger the uptrend becomes. The profit-taking is occurring during the uptrend, minimizing the prospects of exuberance. Stay predominantly long while utilizing the trading of the markets staying above the T-line.
April 9th Daily Market Comments
The Dow, trading lower, is currently toying with the T-line. The NASDAQ, trading lower, but trading above where it opened. Today’s selling does not appear to be consensus selling across-the-board. Each day the market’s pullback early in the day and then close near the top end of the trading range, the stronger the uptrend becomes. The profit-taking is occurring during the uptrend, minimizing the prospects of exuberance. Stay predominantly long while utilizing the trading of the markets staying above the T-line.