August 20th Daily Market Comments

Today’s consolidation has pulled back and use the T-line as a support level in the Dow, the 3T-line in the NASDAQ and S&P 500. It will be important to see the indexes remain above the T-line. Today’s recommendations are showing maintaining strength, not necessarily to be bought yet, but indicating that when the consolidation in the markets are over, these positions should act very well. As long as the indexes currently stay above the T-line, anticipate the uptrend remaining in progress.