The trend analysis remains simple knowing that the Dow is currently in a wave three and continuing to trade above the T-line. The only suspicion of possible profit-taking is the NASDAQ gapping up Today to the top of the trend channel. AAPL has gapped up in the overbought area. Everything is starting to look rosy, investor confidence is very bullish, be careful of profit-taking soon. Stay long but attentive.
January 9th Daily Market Comments
The trend analysis remains simple knowing that the Dow is currently in a wave three and continuing to trade above the T-line. The only suspicion of possible profit-taking is the NASDAQ gapping up Today to the top of the trend channel. AAPL has gapped up in the overbought area. Everything is starting to look rosy, investor confidence is very bullish, be careful of profit-taking soon. Stay long but attentive.