Be careful of the bounce! The indexes still need to show strength and closing above the T line. Until that happens, be aware that investor sentiment has not changed enough to start an uptrend. A large MorningStar signal in the Dow makes moving up to the T line a likely target but then it needs to confirm by getting through that level. Stay cautious.
February 25th Daily Market Comments
Be careful of the bounce! The indexes still need to show strength and closing above the T line. Until that happens, be aware that investor sentiment has not changed enough to start an uptrend. A large MorningStar signal in the Dow makes moving up to the T line a likely target but then it needs to confirm by getting through that level. Stay cautious.