Continue to be careful. Although the indexes are trading positive, both the Dow and S&P 500 just touched the T-line before backing off. The NASDAQ, although trading higher, is trading below where it opened. Overall, this does not project new bullish strength in the markets right now. It will be important to see how they close the markets today. A bullish reversal would require a close near the top end of the trading range in the market indexes.
June 27th Daily Market Comments
Continue to be careful. Although the indexes are trading positive, both the Dow and S&P 500 just touched the T-line before backing off. The NASDAQ, although trading higher, is trading below where it opened. Overall, this does not project new bullish strength in the markets right now. It will be important to see how they close the markets today. A bullish reversal would require a close near the top end of the trading range in the market indexes.