Although the sideways trading pattern continues in the indexes, strong bullish patterns continue. All recommendation again on PACB and OZM is based upon a frypan bottom breakout, AVXL a T line crunch and the uptrend in SEDG continues by simply using the halfway point of Wednesdays candle as a stop. The Dow is currently trading at the lower edge of the wedge formation. It will be important to see if this area acts as support. Continue to have both long and short positions in the portfolio.
December 18th Daily Market Comments
Although the sideways trading pattern continues in the indexes, strong bullish patterns continue. All recommendation again on PACB and OZM is based upon a frypan bottom breakout, AVXL a T line crunch and the uptrend in SEDG continues by simply using the halfway point of Wednesdays candle as a stop. The Dow is currently trading at the lower edge of the wedge formation. It will be important to see if this area acts as support. Continue to have both long and short positions in the portfolio.