Today’s positive trading is creating bullish trend kicker signals in all of the indexes, including the transportation index which had been the weak sister. It has moved all the indexes up above the T-line. A close near the high end of the trading range today would be the convincing factor. A kicker signal and a close above the T-line is a strong indicator that more upside will follow.
June 23rd Daily Market Comments
Today’s positive trading is creating bullish trend kicker signals in all of the indexes, including the transportation index which had been the weak sister. It has moved all the indexes up above the T-line. A close near the high end of the trading range today would be the convincing factor. A kicker signal and a close above the T-line is a strong indicator that more upside will follow.