The positive trading in the NASDAQ and S&P 500 show the wave three uptrend still in progress. The Dow, although trading flat Today, is still in a Frypan Bottom Trajectory. This illustrates the Bullish sentiment/Trend is still in progress. More evidence is seeing that AMZN,AAPL, NFLX are still in Uptrends, indicating the overall markets are not showing any signs of investor selling. Maintain long positions that continue to trade above the T-line and not showing any sell signals.
July 17th Daily Market Comments
The positive trading in the NASDAQ and S&P 500 show the wave three uptrend still in progress. The Dow, although trading flat Today, is still in a Frypan Bottom Trajectory. This illustrates the Bullish sentiment/Trend is still in progress. More evidence is seeing that AMZN,AAPL, NFLX are still in Uptrends, indicating the overall markets are not showing any signs of investor selling. Maintain long positions that continue to trade above the T-line and not showing any sell signals.