The market obviously still in a Santa Claus rally. The NASDAQ after consolidating a couple days has continued its uptrend. Numerous stocks have consolidated back to the T line or other obvious support levels and starting to trade positive again today. Numerous short positions have started showing strength, many were closed based upon the Doji rule. Stay predominately long until the market indexes reveal confirmed sell signals.
December 30th Daily Market Comments
The market obviously still in a Santa Claus rally. The NASDAQ after consolidating a couple days has continued its uptrend. Numerous stocks have consolidated back to the T line or other obvious support levels and starting to trade positive again today. Numerous short positions have started showing strength, many were closed based upon the Doji rule. Stay predominately long until the market indexes reveal confirmed sell signals.