The lack of movement in the markets today still indicate there is no major change of investor sentiment. The Dow, although trading lower, has use the T-line once again as support and trading above the T-line. A slow moving market is not a deterrent. Numerous Bullish Candlestick Charts continue to act very well based upon the fact that there is no evidence of bearish pressure in this trend. Continue to maintain the long positions simply by staying in positions that are not showing any candlestick reversal signals or trading below the T-line.
July 20th Daily Market Comments
The lack of movement in the markets today still indicate there is no major change of investor sentiment. The Dow, although trading lower, has use the T-line once again as support and trading above the T-line. A slow moving market is not a deterrent. Numerous Bullish Candlestick Charts continue to act very well based upon the fact that there is no evidence of bearish pressure in this trend. Continue to maintain the long positions simply by staying in positions that are not showing any candlestick reversal signals or trading below the T-line.