The Dow gapped down in the oversold condition. This would warrant watching for a bottom reversal. Although the NASDAQ is trading lower today, it is still up above the T line in numerous stocks related to the NASDAQ are continuing to trade positive. This makes the T line a very valuable trend indicator. Watch the electric vehicle sector, showing signs of strength.
June 18th Daily Market Comments
The Dow gapped down in the oversold condition. This would warrant watching for a bottom reversal. Although the NASDAQ is trading lower today, it is still up above the T line in numerous stocks related to the NASDAQ are continuing to trade positive. This makes the T line a very valuable trend indicator. Watch the electric vehicle sector, showing signs of strength.