July 17th Daily Market Comment

The indexes are trading flat Today, not showing any major change of investor sentiment. The transportation index continues to trade higher, indicating the lack of any overall very sentiment in this market. The Biotech stocks and medical supply stocks continue to move bullish with the virus statistics still in the limelight.INO wedge breakout,ALT J-hook pattern set up, TBIO fry pan bottom set up. When the markets are moving in a sideways/slow trending mode, simple candlestick scanning identifies which sectors/stocks are getting the most attention. Continue to hold the Biotech’s.