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.