Although the uptrend in the indexes is slow, the NASDAQ is keeps hitting new all-time highs. Numerous uptrending stocks are moving up in a very choppy manner but the final criteria for remaining in those positions is the T-line. As long as they stay above the T-line, you can stay long. The same is true with any existing short positions, stay short as long as trading stays below the T-line. When the markets are in a choppy mode, the T-line becomes a very important indicator for keeping from getting whipsawed in and out of positions. Stay predominately long.
December 3rd Daily Market Comments
Although the uptrend in the indexes is slow, the NASDAQ is keeps hitting new all-time highs. Numerous uptrending stocks are moving up in a very choppy manner but the final criteria for remaining in those positions is the T-line. As long as they stay above the T-line, you can stay long. The same is true with any existing short positions, stay short as long as trading stays below the T-line. When the markets are in a choppy mode, the T-line becomes a very important indicator for keeping from getting whipsawed in and out of positions. Stay predominately long.