The uptrend remains in progress as long as the indexes continue to trade above the T-line. The strong price moves remain in progress in individual stocks and sectors i.e. SUNW, LAC. Exuberance has not been experienced in most uptrending stocks, a lot of backing and filling/profit-taking in the uptrends. This still makes the T line analysis a vital part of maintaining up trending positions. Stay predominately long, especially in the current strong sectors. Oil stocks are showing good strength today.
January 14th Daily Market Comments
The uptrend remains in progress as long as the indexes continue to trade above the T-line. The strong price moves remain in progress in individual stocks and sectors i.e. SUNW, LAC. Exuberance has not been experienced in most uptrending stocks, a lot of backing and filling/profit-taking in the uptrends. This still makes the T line analysis a vital part of maintaining up trending positions. Stay predominately long, especially in the current strong sectors. Oil stocks are showing good strength today.