What is the nature of the market trend? Although today’s trading is not showing the resiliency that was seen in yesterday’s trading, the market indexes are showing patterns that are easily identifiable. The Dow, S&P 500, and the NASDAQ are all in the process of setting up a bullish J-hook pattern. The lack of aggressive bullish sentiment on any particular day does not offset the information provided in the candlestick pattern. These candlestick signals are clearly defined in our free 12 Major Candlestick Signals. It actually illustrates there is no exuberance in this market uptrend. This creates a much more solid, less whipsawing, market trend. Continue to stay long with some short positions in the portfolio.
March 16th Daily Market Comments
What is the nature of the market trend? Although today’s trading is not showing the resiliency that was seen in yesterday’s trading, the market indexes are showing patterns that are easily identifiable. The Dow, S&P 500, and the NASDAQ are all in the process of setting up a bullish J-hook pattern. The lack of aggressive bullish sentiment on any particular day does not offset the information provided in the candlestick pattern. These candlestick signals are clearly defined in our free 12 Major Candlestick Signals. It actually illustrates there is no exuberance in this market uptrend. This creates a much more solid, less whipsawing, market trend. Continue to stay long with some short positions in the portfolio.