December 3rd Daily Market Comments

Was Today’s big positive trading in the indexes expected? Not really, but the fact that investors were still showing bullish sentiment going into the weekend implies that big money decision-makers were not concerned about tariffs talks. Fortunately, candlestick charts provide the average investor (us) with a graphic insight as to what the overall decision process is doing at any particular time. This is what provides the opportunity to be in the correct direction of a price trend with a high probability/high percentage of the time. Stay long, as long as the trading remains above the T-line. Expects some profit-taking mid day, which will make how the markets act going into the close an important message.