The T-line remains a very relevant factor in the choppy nature of the markets. The Dow needed to open positive today to show the T-line was still acting as an up trending support. The NASDAQ continues to show strength well above the T-line. Sector/stock moves show indecisive trending moves, up one day but down slightly the next day, then up again the next day. The market conditions still require taking fast profits due to the inconsistency of trends. Stay predominately long but also have short positions in the portfolio.
December 1st Daily Market Comments
The T-line remains a very relevant factor in the choppy nature of the markets. The Dow needed to open positive today to show the T-line was still acting as an up trending support. The NASDAQ continues to show strength well above the T-line. Sector/stock moves show indecisive trending moves, up one day but down slightly the next day, then up again the next day. The market conditions still require taking fast profits due to the inconsistency of trends. Stay predominately long but also have short positions in the portfolio.