January 26th Daily Market Comments

After a couple hammer signals in the Dow below the T-line, there was the expected prospect there may be up bounce back up to the T line. Note that today’s high in the Dow resisted right at the T line. A bounce because of Microsoft’s earnings? Could be, but the next concern can be the Fed meeting this afternoon. Use the T line as your ultimate criteria. Numerous stocks started trading positive today but currently with indecisive candlestick formations, Doji’s.