The nature of the market trend remains the same, Today the NASDAQ is up, the Dow is down, the S&P 500 relatively flat. This continues to make the patterns working well, fry pan bottom’s i.e. TSLA, AVX. The scoop pattern KLIC. The electric vehicle sector continues to show steady strength. Note that many uptrending stocks consolidate back to the T line but then continue higher. Stay predominately long use the T line as your final criteria.
June 28th Daily Market Comments
The nature of the market trend remains the same, Today the NASDAQ is up, the Dow is down, the S&P 500 relatively flat. This continues to make the patterns working well, fry pan bottom’s i.e. TSLA, AVX. The scoop pattern KLIC. The electric vehicle sector continues to show steady strength. Note that many uptrending stocks consolidate back to the T line but then continue higher. Stay predominately long use the T line as your final criteria.