July 12th Daily Market Comments

The prospects of the indexes testing support levels during a perceived uptrend is making the uptrend more evident with the strong/kicker type signals back to the upside, not actually testing the support levels. The strength seen in the big traders,AMZN , AAPL etc. illustrated yesterday that although the markets are selling off, there was still bullish investor sentiment in the market. Yesterday provided the opportunity to pare down long positions that were not showing great strength and having funds available to put back into strong chart patterns. Obviously, continue to stay long, the T-line remains a strong relevant factor.