The markets again opened lower but are currently trading back up above where they opened. This has created numerous belt hold type signals, especially relevant in charts that open lower, on the T-line, and are now trading positive, ie AAPL. The belt hold type signals illustrate bullish pressure in the markets after the lower open. The T-line continues to be a relevant indicator. Do not let knee-jerk reactions whipsaw you out of positions.
January 6th Daily Market Comments
The markets again opened lower but are currently trading back up above where they opened. This has created numerous belt hold type signals, especially relevant in charts that open lower, on the T-line, and are now trading positive, ie AAPL. The belt hold type signals illustrate bullish pressure in the markets after the lower open. The T-line continues to be a relevant indicator. Do not let knee-jerk reactions whipsaw you out of positions.