The T-line is coming back into play.The NASDAQ gapped up at the T-line and is now trading slightly positive from there making for a potential Dodie sandwich. The Dow and the S&P 500 are trading right at the T-line but the transportation index, after a MorningStar signal yesterday is now trading well above the T-line. If today’s strength maintains, the downtrend should now be converting to an uptrend.
January 22nd Daily Market Comments
The T-line is coming back into play.The NASDAQ gapped up at the T-line and is now trading slightly positive from there making for a potential Dodie sandwich. The Dow and the S&P 500 are trading right at the T-line but the transportation index, after a MorningStar signal yesterday is now trading well above the T-line. If today’s strength maintains, the downtrend should now be converting to an uptrend.