The nature of the market trend continues to show indecisiveness. The NASDAQ trading below the T-line but apparently using the 34 EMA as support. The Dow continues to trade above the T line. The transportation index is trading positive today, indicating that everything is not being sold off in the markets. Today the short positions are working well. Long positions can be maintained as long as they do not close below the T line.
August 16th Daily Market Comments
The nature of the market trend continues to show indecisiveness. The NASDAQ trading below the T-line but apparently using the 34 EMA as support. The Dow continues to trade above the T line. The transportation index is trading positive today, indicating that everything is not being sold off in the markets. Today the short positions are working well. Long positions can be maintained as long as they do not close below the T line.