February 28th Daily Market Comments

The flat trading of today still reveals that there has not been any change of investor sentiment. Unless there is a very definite reversal signal in the markets, it has to be assumed the uptrend remains in progress as long as there is not a sell signal and a close below the T-line. This does not eliminate the possibility of some profit-taking back to the T-line. However, currently there are no signs that the uptrend does not remain in progress. Stay long but have protective stop’s in place.