January 4th Daily Market Comments

What are the first few days of trading this year indicating? The markets are going to be very reactive to good news and bad news, creating whipsaw movements. Fortunately, even with big movements up and down, the candlestick scanning process continues to identify very strong bullish or bearish chart patterns. These patterns are effective because they are being created with investors making decisions knowing the market is currently in a non-trend situation. Utilize the T-line to get a better grasp as far as the market trend as well as individual stock trends. There are still good profits being made in this whipsaw market.