The Dow gapped up after a Doji bouncing up off the T-line yesterday. This makes for a strong J-hook pattern which would imply more upside. The NASDAQ opened higher but trading slightly lower, nothing that would show any major change of investor sentiment. The overall market trend continues its slow uptrend, with profit-taking occurring along the way.
July 21st Daily Market Comments
The Dow gapped up after a Doji bouncing up off the T-line yesterday. This makes for a strong J-hook pattern which would imply more upside. The NASDAQ opened higher but trading slightly lower, nothing that would show any major change of investor sentiment. The overall market trend continues its slow uptrend, with profit-taking occurring along the way.