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.