July 25th Daily Market Comments

The markets are still in a schizophrenic mode, Today the Dow is trading lower , the transportation index and NASDAQ are trading higher. This illustrates the lack of any major change of investor sentiment, the current trends of the market remain in progress. T-line study – note the positions yesterday that closed at or just slightly below the T-line are trading positive, indicating the T-line is acting as support IE VICR. Positions that close well below the T-line yesterday are not showing as much bullish recovery Today. Continue to use the T-line as your ultimate trend indicator.