The market whipsaw is still influenced by the debt ceiling lack of negotiations. This makes the T line more relevant for both long positions as well and short positions.

The artificial intelligence stocks will the strongest profitability.NVDA there’s polling the NASDAQ in the uptrend. The Dow is having trouble getting up through the T line. This makes for a good bullish trades as well as good bearish trades in these market conditions.

The inflation numbers did not appear to be good but the market has rallied. The trading strategy remains the same, use the T line to remain bullish and bullish charts and staying below the T line and bearish charts. Simple strategy!

NVDA has brought the attention to the artificial intelligence area. this allows you to pinpoint where the strong trades are going to occur. Artificial intelligence has been getting a bad rap from the so-called experts. Artificial intelligence is going to destroy the world in their opinion. But most companies that are utilizing artificial intelligence for their own benefit or service companies that can provide artificial intelligence programs for a company to improve their productivity are not using it to get ready to destroy things. It’s function is to improve a company’s profitability. The market conditions have to be analyzed based upon what is moving the market indexes. The big-name stocks are what are producing a bullish trend in the NASDAQ, but the majority of stocks are drifting lower. You gain a huge benefit by being able to scan which stocks are producing the strongest bullish potential as well as the strongest bearish potential. The Dow is showing a much different trend analysis. It is been in a downtrend, trading below the T line for the last few months. Fortunately, simple scanning techniques allow for the identification of which stocks/sectors are producing the strongest bullish moves as well as the strongest bearish moves. Candlestick analysis is the purest form of visual analysis illustrating what price moves are doing.

Although NVDA is adding strength of the NASDAQ, numerous short positions are working very well. Stay predominantly short but have stops in place. If they resolve the debt ceiling situation there will be a whipsaw action.

The NASDAQ continues to trade higher, making numerous J-hook patterns continue to perform. The Dow and the transportation index continue to trades sideways. Have both long and short positions in the portfolio.

Indecisive trading in the indexes but still above the T line in a slow upward direction. This makes a trading strategy looking for the most powerful bullish or bearish chart patterns. The J-hook pattern is producing good results.

The nature of the market remains the same, longs are working and the shorts are working. The J-hook patterns are performing well.

There is still a definite lack of direction in the markets. The trading strategy remains the same, any long positions or short positions should have very compelling chart pattern strength.

The sideways mode of the market is still in a fact. Apparently the PPI number did not change anybody’s overall sentiment. Although some of the biggies are trading bullish i.e. Amazon, the majority of stocks continue to trade in a downtrend.