The markets continue to rise even in the face of rioting and looting. Concerns about the virus has basically disappeared from the news broadcasts. The investment strategy has not changed, stay long in this market as long as there is not a major reversal signal in the indexes and a close back below the T-line. Currently, the Dow is using the 3T-line as a support level.
June 2nd Daily Market Comments
The markets continue to rise even in the face of rioting and looting. Concerns about the virus has basically disappeared from the news broadcasts. The investment strategy has not changed, stay long in this market as long as there is not a major reversal signal in the indexes and a close back below the T-line. Currently, the Dow is using the 3T-line as a support level.