The Dow and NASDAQ are now back in sync. The positive expectations of the relief package appears to be the bullish incentive. The NASDAQ is showing strong signals, a kicker signal two days ago and is currently producing a trend kicker signal today stay predominately long. Currently there is no apparent evidence of bearish sentiment, indicated by all the indexes trading above the T line. The electric vehicle sector is showing strength across-the-board. Oil stocks are showing good strength.
March 11th Daily Market Comments
The Dow and NASDAQ are now back in sync. The positive expectations of the relief package appears to be the bullish incentive. The NASDAQ is showing strong signals, a kicker signal two days ago and is currently producing a trend kicker signal today stay predominately long. Currently there is no apparent evidence of bearish sentiment, indicated by all the indexes trading above the T line. The electric vehicle sector is showing strength across-the-board. Oil stocks are showing good strength.