February 14th Daily Market Comments

The knee-jerk selling on the open as disappeared. The NASDAQ is currently trading above the T-line, the other indexes are just nudging the T-line. It will be important to see whether all the indexes can get above the T-line Today to confirm the large hammer type signals that occurred on Friday. Any long positions still require the confirmation of the markets closing above the T-line or at the high end of their trading range Today. The big stocks, AMZN, AAPL NVDA are all trading higher, indicating bullish pressure is still in the markets.

 

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