BA is keeping the Dow from coming up through the T-line. However, the NASDAQ and S&P 500 continue their move above the T-line. This puts the general market in a slightly bullish condition, not yet with full bullish confirmation but revealing the lack of any major selling pressure anymore. Maintain short positions that have not demonstrated reversal signals but the portfolio should be oriented more toward the long side as long as the indexes stay at or above the T-line area.
March 12th Daily Market Comments
BA is keeping the Dow from coming up through the T-line. However, the NASDAQ and S&P 500 continue their move above the T-line. This puts the general market in a slightly bullish condition, not yet with full bullish confirmation but revealing the lack of any major selling pressure anymore. Maintain short positions that have not demonstrated reversal signals but the portfolio should be oriented more toward the long side as long as the indexes stay at or above the T-line area.