December 21st Daily Market Comments

Although the indexes have consolidation days, even creating potential reversal signals, one significant factor remains constant. The indexes have not been able to close back below the T-line. As a matter of fact, the 3T-line continues to act as a support. The validity of this trend is much more easy to visually analyze for the candlestick investor. Until there is a strong candlestick reversal signal and a breach of the T-line, there has not been any change of investor sentiment, the uptrend remains in progress. Numerous steady Eddie charts continue to produce good gains in the portfolio, i.e. ALK, GDS, SKX,

 

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