The nature of the market remains the same! A slow steady uptrend allowing strong sectors to continue to perform well. There is nothing major as far as strategy changes, continue to hold long positions that trade above the T line. The next few weeks should reveal what new administration policies will do to investor sentiment on specific sectors. Use a candlestick scans to reveal bullish or bearish sentiment in each sector. Currently, stay predominately long until there is a major change of investor sentiment.
January 21st Daily Market Comments
The nature of the market remains the same! A slow steady uptrend allowing strong sectors to continue to perform well. There is nothing major as far as strategy changes, continue to hold long positions that trade above the T line. The next few weeks should reveal what new administration policies will do to investor sentiment on specific sectors. Use a candlestick scans to reveal bullish or bearish sentiment in each sector. Currently, stay predominately long until there is a major change of investor sentiment.