The market indexes continue to show great resiliency. The uptrend remains obviously in progress but be aware that the indexes have all moved substantially away from the T-line. This would imply some consolidation in the near future. Consolidation can consist of the markets moving sideways for a few days or some profit-taking pullback. Stay long until there is a definite reversal signal in the indexes and/or individual stock positions.
December 8th Daily Market Comments
The market indexes continue to show great resiliency. The uptrend remains obviously in progress but be aware that the indexes have all moved substantially away from the T-line. This would imply some consolidation in the near future. Consolidation can consist of the markets moving sideways for a few days or some profit-taking pullback. Stay long until there is a definite reversal signal in the indexes and/or individual stock positions.