Both the Dow and the S&P 500 have traded up and tested the T-line but are currently backing off. Stochastics are still heading down, this implies that any positive trading has to be viewed with some suspicion. The T-line remains an important trend factor. Continue to stay predominately short.
February 10th Daily Market Comments
Both the Dow and the S&P 500 have traded up and tested the T-line but are currently backing off. Stochastics are still heading down, this implies that any positive trading has to be viewed with some suspicion. The T-line remains an important trend factor. Continue to stay predominately short.