Today’s positive trading indicates bullish patterns in the indexes provided the indexes trade near the high end of there trading range. The Dow is in the process of a J-hook pattern off the T line with a best friend signal today. However, the NASDAQ is trading lower after its open. Obviously bullish charts continue to act bullish, numerous trend kicker signals have occurred today. Stay long but be alert for any hard selling before the end of the day.
August 10th Daily Market Comments
Today’s positive trading indicates bullish patterns in the indexes provided the indexes trade near the high end of there trading range. The Dow is in the process of a J-hook pattern off the T line with a best friend signal today. However, the NASDAQ is trading lower after its open. Obviously bullish charts continue to act bullish, numerous trend kicker signals have occurred today. Stay long but be alert for any hard selling before the end of the day.