The anticipation of tax reforms apparently is keeping good strength in the markets. The frypan bottom patterns are working extremely well in these market conditions, i.e. CLF. The uptrend remains in progress as long as the indexes continue to trade above the T-line. Stay predominantly long but watch for profit-taking/rotating in specific sectors.
February 9th Daily Market Comments
The anticipation of tax reforms apparently is keeping good strength in the markets. The frypan bottom patterns are working extremely well in these market conditions, i.e. CLF. The uptrend remains in progress as long as the indexes continue to trade above the T-line. Stay predominantly long but watch for profit-taking/rotating in specific sectors.