December 6th Daily Market Comments

The T-line acts as a very powerful trend indicator. First, it reveals when a trend is changing, as seen in the past few weeks when the indexes exhibited candlestick sell signals and closes below the T-line. Next, it indicates when a downtrend is in progress, allowing for continuing to hold profitable short positions. Combining candlestick sell signals at technical levels such as the major moving averages greatly increases the correct analysis of what is occurring in investor sentiment.

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December 2nd Daily Market Comments

Beware the bounce! It is not unusual to see buying early in the day in a downtrend with selling continuing later in the day. However, the indexes are showing potential buying at major support levels. It will be important to see if the markets hold up today near the high end of there trading range. Currently the Dow is doing a bullish Harami at the 200 day moving average.

 

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December 1st Daily Market Comments

Candlestick charts clearly reveal a non-consensus of investor sentiment. Down one day, up the next day but with one vital factor, the T line. The prognosis remains the same, until there is a definite trend direction have both long and short positions in the portfolio, using the T line as your ultimate indicator. There are times when it is better to sit and wait for better chart information.

 

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November 30th Daily Market Comments

The T line remains an obvious factor, the indexes continuing their downtrend except for the NASDAQ. It is currently nudging the T line after opening lower. This puts the market mode back to bullish charts continue to act well and bearish charts continue to act well. Continue to have both long and short positions in the portfolio using the T line as your ultimate criteria.

 

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November 29th Daily Market Comments

Beware the bounce! Or at least analyze that a positive trading today still does not indicate the direction of the market, a very nontradable market condition. The overall trend criteria remains the same, as long as the indexes continue to trade below the T line, assume the downtrend remains in progress.

 

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November 24th Daily Market Comments

Although the Dow traded positive yesterday, it was evident the T line was the resisting level. As long as the indexes continue to trade below the T line, assume the downward bias is most prevalent. Have short positions as the major portfolio positioning. The oil stocks sector is maintaining strength.

 

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November 23rd Daily Market Comments

The indexes showing reversal signals yesterday and closing at or below the T-line produced the probabilities of the market indexes selling off, as confirmed in today’s lower trading. Any long positions should have compelling reasons to stay long. The short positions are obviously working very well. The bias in the portfolio should be to the short side.

 

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November 22nd Daily Market Comments

The diversions in the NASDAQ trading higher and the Dow trading lower continues to the NASDAQ and the S&P 500 continue their uptrend, staying above the T-line. The Dow is trading higher, forming a bullish Harami off the 200 day moving average, the T line is still acting as a resistance. However, the market nature has not changed, the long positions continue to act well and the short positions continue to perform. Each individual stock chart remains the top criteria.

 

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November 19th Daily Market Comments

The NASDAQ trading solidly positive in the Dow trading solidly lower, clearly indicating the market is still very sector specific. The electric vehicle sector picking up strength while the oil stocks are trading lower. Have both long and short positions in the portfolio. Obviously, the political sparring in Washington is affecting specific sectors.

 

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November 18th Daily Market Comments

The Dow is now moved down to the 34 EMA, the NASDAQ and S&P 500 have moved down to the T-line. But note, the NASDAQ and the S&P 500 are currently forming two dark crows, a sell signal. The failure of the indexes reaching new highs in currently showing sell signals produce a strong probability the selling will continue. The short positions are working well today.

 

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