Although the markets are trading positive today, they still remain in an indecisive trend channel. The NASDAQ and the transportation index are still below the T line, while the Dow and the S&P 500 are trading above the T line. The Dow needs to break through the upper resistance level to show any major change of investor sentiment. The T line remains the ultimate trend indicator.
February 13th Daily Market Comments
Although the markets are trading positive today, they still remain in an indecisive trend channel. The NASDAQ and the transportation index are still below the T line, while the Dow and the S&P 500 are trading above the T line. The Dow needs to break through the upper resistance level to show any major change of investor sentiment. The T line remains the ultimate trend indicator.