December 16th Daily Market Comments

The prospects of a stimulus package being passed continues to put the markets in a weight and see mode. The NASDAQ, however, continues to nudge all-time highs. Currently, there is no evidence of any severe selling pressure. The indexes continue to trade above the T line, but in an indecisive manner. Individual stocks are demonstrating the same trend movement, choppy. The trend analysis of any individual stock chart still relies on the T line. Continue to have safety stops in place.