January 10th Daily Market Comments

The early selling in the Dow and S&P 500 continues to be offset by the slow consistent buying in the NASDAQ. Now with all the indexes trading positive, it clearly demonstrates there is not yet any dramatic change of investor sentiment, the slow bullish uptrend remains in progress. This allows the strong candlestick charts to continue to perform without the influence of any strong bearish sentiment participating in the overall market. Strong candlestick bullish patterns continue to produce good profitable trades.