July 3rd Daily Market Comments

The J-hook patterns that have been forming in the market indexes are continuing to perform as expected in Today’s trading. Today will be a short day in the market, closing at 1 PM Eastern time. The analysis of the overall market trend is still greatly enhanced when visually evaluating what the current candlestick signals are illustrating. The markets have moved sideways for the past year and a half. This did not detract from the profitability for the portfolio when utilizing candlestick signals, illustrating the tops of trends and the bottoms of trends.