The uptrend remains in progress, the indexes staying above the T-line. This is making the J-hook/fry pan bottom breakouts good profitable trades set ups. The pattern set ups are allowing for excessive profitability versus merely holding up trending stocks during a slow uptrend. Look for the pattern breakouts i.e.NAIL, UPWK. There are still short positions acting well also ADS, CPA. Make sure you keep safety stops in place.
December 17th Daily Market Comments
The uptrend remains in progress, the indexes staying above the T-line. This is making the J-hook/fry pan bottom breakouts good profitable trades set ups. The pattern set ups are allowing for excessive profitability versus merely holding up trending stocks during a slow uptrend. Look for the pattern breakouts i.e.NAIL, UPWK. There are still short positions acting well also ADS, CPA. Make sure you keep safety stops in place.