Although the market indexes sold off because of the higher-than-expected PPI number, note that numerous stock prices are trading above where they opened. The trading strategy should remain the same, stay long on charts that continue to trade above the T line, stay short on charts that are not showing buy signals and remaining below the T line. The artificial intelligence stocks are showing strength.

The CPI numbers did not show any decisive movement in the markets. The Dow is still trying to get through the resistance level, the NASDAQ and the S&P 500, although trading positive, are still in a down trending channel until they break up through the channel. Continue to have both long and short positions in the portfolio.

Although the markets are trading positive today, they still remain in an indecisive trend channel. The NASDAQ and the transportation index are still below the T line, while the Dow and the S&P 500 are trading above the T line. The Dow needs to break through the upper resistance level to show any major change of investor sentiment. The T line remains the ultimate trend indicator.

The market indexes remain indecisive. The Dow is having a hard time getting up through the upper resistance level. The NASDAQ and the S&P 500, although still above the T line, appear to be in a sideways mode. Trades should now be oriented directly to individual stock charts.

The gap down below the previous day’s open on Friday in the NASDAQ and the S&P 500 produces very strong evidence a change of investor sentiment has occurred. Today’s weakness is confirming. The Dow is forming a bearish Doji sandwich so far today. Any long positions remaining require the lack of any sell signals.

Again, although the Dow is trading lower and now coming back up, the other indexes are all trading strongly bullish. Stay long but be aware that today’s gap up in some of the indexes and stocks might be an alert for some profit-taking. Watch your 10 minute charts.

The Dow has been trading lower but note that it has use the T line as a support level. The NASDAQ and the S&P 500 trading relatively flat and the transportation index is trading up strong. This implies that today’s Fed announcements, although already anticipated, is going to affect sectors differently.

Although it is early in the day, today’s positive trading illustrates a lack of overall directional movement in the markets, likely waiting to see what the Fed reports this week. However, there are numerous small-cap Stock price movements working well.

Today the Dow is trading higher after a lower open but the NASDAQ and the S&P 500 gapped down and are currently trading at or below Friday’s open. This does not yet indicate any change of investor sentiment but it is likely illustrating the current uptrend may be a slow oscillating uptrend. Use the T line as your ultimate criteria. This makes each individual stock chart the top analytical criteria.

The market indexes are not showing any change of investor sentiment, the S&P 500 is continuing the bobble breakout, the NASDAQ is trying to push up through the 200 day moving average, and the Dow is continuing its uptrend in the wedge pattern. The trading strategy is very simple, stay in the bullish charts that are remaining above the T line, stay in the bearish charts staying below the T line