Although the markets are creating relatively flat Today, they are indicating there is no major change of investor sentiment. The transportation index is showing good strength Today, implying the bulls are still the dominant force. Continue to stay predominantly long but keep safety stops at logical levels that would indicate the bears of taking control. It is always good to have stops in place in case of unexpected events/announcements. Numerous pattern breakouts are providing good profits. Utilize the candlestick patterns to enhance bullish price moves.
December 17th Daily Market Comments
Although the markets are creating relatively flat Today, they are indicating there is no major change of investor sentiment. The transportation index is showing good strength Today, implying the bulls are still the dominant force. Continue to stay predominantly long but keep safety stops at logical levels that would indicate the bears of taking control. It is always good to have stops in place in case of unexpected events/announcements. Numerous pattern breakouts are providing good profits. Utilize the candlestick patterns to enhance bullish price moves.