The Dow is trading slightly higher but it is nudging the upper trend line. Watch for profit-taking. The NASDAQ continues to trade above the T line and has the prospects of a bobble breakout. But until that time it appears as if the market trend is in a mild consolidation stage. This is not affecting the strong sectors. The electric vehicle sector continues its uptrend. These market conditions are still making trading very stock/sector specific.
March 15th Daily Market Comments
The Dow is trading slightly higher but it is nudging the upper trend line. Watch for profit-taking. The NASDAQ continues to trade above the T line and has the prospects of a bobble breakout. But until that time it appears as if the market trend is in a mild consolidation stage. This is not affecting the strong sectors. The electric vehicle sector continues its uptrend. These market conditions are still making trading very stock/sector specific.