The J-hook pattern is the predominant analysis in both the indexes as well as numerous individual stocks. The positive trading in the indexes today are further confirming that the T-line is still acting as a viable trend support. The NASDAQ gapped up well above the T-line Today, indicating an extremely high probability the uptrend will continue and may continue with some excessive force. Stay predominantly long but be nimble. This market still requires trading specific stocks and sectors.
December 8th Daily Market Comments
The J-hook pattern is the predominant analysis in both the indexes as well as numerous individual stocks. The positive trading in the indexes today are further confirming that the T-line is still acting as a viable trend support. The NASDAQ gapped up well above the T-line Today, indicating an extremely high probability the uptrend will continue and may continue with some excessive force. Stay predominantly long but be nimble. This market still requires trading specific stocks and sectors.