Beware the bounce! Why? The indexes, although trading positive, are still trading below the T line and the stochastics are in a downward trajectory. This would cause any suspicion that the bulls have taken control. The small biotech’s continue to show bullish trends but the big tech stocks have opened positive but immediately started selling lower. Use the T line as your ultimate trend indicator.
December 21st Daily Market Comments
Beware the bounce! Why? The indexes, although trading positive, are still trading below the T line and the stochastics are in a downward trajectory. This would cause any suspicion that the bulls have taken control. The small biotech’s continue to show bullish trends but the big tech stocks have opened positive but immediately started selling lower. Use the T line as your ultimate trend indicator.