Although the market indexes sold off because of the higher-than-expected PPI number, note that numerous stock prices are trading above where they opened. The trading strategy should remain the same, stay long on charts that continue to trade above the T line, stay short on charts that are not showing buy signals and remaining below the T line. The artificial intelligence stocks are showing strength.
February 16th Daily Market Comments
Although the market indexes sold off because of the higher-than-expected PPI number, note that numerous stock prices are trading above where they opened. The trading strategy should remain the same, stay long on charts that continue to trade above the T line, stay short on charts that are not showing buy signals and remaining below the T line. The artificial intelligence stocks are showing strength.