Yesterday the markets formed trend kicker signals. This would imply continued strength in the market. Today’s gapped down obviously not confirming any follow-through strength but currently trading above the T-line indicates the uptrend is still in progress but will be characterized with profit-taking occurring along the way. This makes short-term trading more difficult while making holding trending positions the strategy for this market. Trading above the T-line is still the ultimate trend analysis.
February 13th Daily Market Comments
Yesterday the markets formed trend kicker signals. This would imply continued strength in the market. Today’s gapped down obviously not confirming any follow-through strength but currently trading above the T-line indicates the uptrend is still in progress but will be characterized with profit-taking occurring along the way. This makes short-term trading more difficult while making holding trending positions the strategy for this market. Trading above the T-line is still the ultimate trend analysis.