January 11th Daily Market Comments

A consolidation day, a Friday after a good strong week. The current pullback in today’s trading does not seem to be moving too much away from where the markets opened, creating a Doji type day. Continue to hold long positions unless they are producing obvious candlestick sell signals. The T line is still a viable trend indicator. Investor sentiment indicates it has not had a major change when you see some of the big stocks still trading up strong i.e. NFLX.