The lack of selling in Boeing is allowing the Dow to demonstrate its true strength, currently trading up above the T-line. This is in conjunction with positive trading in all the other indexes, all currently trading above the T-line. In spite of all the political rhetoric, investor sentiment is demonstrating bullish trending in all of the indexes. Numerous candlestick signals and patterns are providing very strong profitability. Any short positions should be maintained provided they have not shown reversal signals. Most short positions have been closed out at this time. Simple trend analysis, the uptrend will remain in progress as long as the indexes do not close back below the T-line.
March 13th Daily Market Comments
The lack of selling in Boeing is allowing the Dow to demonstrate its true strength, currently trading up above the T-line. This is in conjunction with positive trading in all the other indexes, all currently trading above the T-line. In spite of all the political rhetoric, investor sentiment is demonstrating bullish trending in all of the indexes. Numerous candlestick signals and patterns are providing very strong profitability. Any short positions should be maintained provided they have not shown reversal signals. Most short positions have been closed out at this time. Simple trend analysis, the uptrend will remain in progress as long as the indexes do not close back below the T-line.