The confirmation that the T-line was going to act as a support required a strong bullish day, exactly what is occurring in Today’s trading. The further the indexes move above the T-line, the more evidence is shown that investor sentiment which is what drives a trend continues to remain bullish. The uptrend continues. Short positions need to indicate continued weakness to stay short. Otherwise witnessing buy signals in downtrends become good stopped out areas. The portfolio bias should obviously be toward the bullish side.
December 12th Daily Market Comments
The confirmation that the T-line was going to act as a support required a strong bullish day, exactly what is occurring in Today’s trading. The further the indexes move above the T-line, the more evidence is shown that investor sentiment which is what drives a trend continues to remain bullish. The uptrend continues. Short positions need to indicate continued weakness to stay short. Otherwise witnessing buy signals in downtrends become good stopped out areas. The portfolio bias should obviously be toward the bullish side.