June 11th Daily Market Comments

The market uptrend is solid, based upon the backing and filling in each of the indexes as the overall trend moves higher. There’s backing and filling reveals the lack of any exuberance in the market trend. The slow steady uptrend indicates no change of investor sentiment. This is allowing for the strong candlestick charts to continue to perform. The trading strategy should be simple. Stay long on positions that have not shown sell signals and closed back below the T-line.