February 5th Daily Market Comments

Today’s positive trading, showing good steady buying, has a little warning flag. The market indexes gapped up Today, although not significantly, but a gap up in the overbought condition. Be diligent, the 200 day moving average is a likely target for this uptrend but be prepared to take profits. Numerous candlestick pattern breakouts are working well today i.e.GPRK. Use the T-line as your ultimate trend reversal indicator.