Today’s positive trading reveals that the T-line continues to act as support. The NASDAQ is doing a good J-hook pattern up off the T-line. This is making the J-hook pattern the predominant pattern during this current uptrend. Numerous stocks are continuing into wave three of J-hook patterns.SYRS, VXRT, BILI, OCUL. The market trend analysis remain simple, as long as the indexes continue to trade above the T line, the uptrend remains in progress. However, the profitable trades are coming from specific sectors. The big profits are being made by identifying the strong individual stock patterns in the strong sectors.
December 14th Daily Market Comments
Today’s positive trading reveals that the T-line continues to act as support. The NASDAQ is doing a good J-hook pattern up off the T-line. This is making the J-hook pattern the predominant pattern during this current uptrend. Numerous stocks are continuing into wave three of J-hook patterns.SYRS, VXRT, BILI, OCUL. The market trend analysis remain simple, as long as the indexes continue to trade above the T line, the uptrend remains in progress. However, the profitable trades are coming from specific sectors. The big profits are being made by identifying the strong individual stock patterns in the strong sectors.