The nature of the trend has not changed. The Dow is up strong, the NASDAQ is lower, indicating no change of investor sentiment, merely rotations from sector to sector. And/or profit-taking, which is good during an uptrend. This keeps the exuberance out of the trend, making the trend more solid. Use the T-line as your ultimate trend reversal indication.
January 24th Daily Market Comments
The nature of the trend has not changed. The Dow is up strong, the NASDAQ is lower, indicating no change of investor sentiment, merely rotations from sector to sector. And/or profit-taking, which is good during an uptrend. This keeps the exuberance out of the trend, making the trend more solid. Use the T-line as your ultimate trend reversal indication.