Today’s positive trading in the market indexes are confirming the bobble breakout of Friday. This implies a much higher probability of a continued uptrend, provided the indexes do not close back below the 50 day moving average. Investor confidence can be seen building back up, especially in the big stocks AMZN, AAPL, NFLX, TSLA. Now that a observable bullish pattern has developed, the portfolio should be oriented toward the long side.
February 26th Daily Market Comments
Today’s positive trading in the market indexes are confirming the bobble breakout of Friday. This implies a much higher probability of a continued uptrend, provided the indexes do not close back below the 50 day moving average. Investor confidence can be seen building back up, especially in the big stocks AMZN, AAPL, NFLX, TSLA. Now that a observable bullish pattern has developed, the portfolio should be oriented toward the long side.