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.

The nature of the market remains the same, although the NASDAQ has gapped up through the resistance level, it is not showing any follow-through strength. The other indexes opened positive but currently trading well below where they opened.

The sideways trend of the market prevails, especially when witnessing a failure of the resistance breakout in the NASDAQ. Continue to have long and short positions in the portfolio.

The lack of follow-through in today’s market indexes continues to demonstrate the sideways mode of the market trend. Be cautious, positions whether long or short should require very strong charts.

Today’s positive trading is bringing the Dow right back up to the T line, the NASDAQ well above the T line. Be careful, it will be important to see how the markets finish today.

Today’s positive trading is bringing the Dow right back up to the T line, the NASDAQ well above the T line. Be careful, it will be important to see how the markets finish today.

The downtrend in the indexes continue after the evening star signals failure at major resistance levels. Gold is up strong. Bank failures are a concern. Be predominantly short.