The bobble breakout of the NASDAQ continues to show the strength of expected. The S&P 500 is trading slightly positive, while the Dow is showing some selling today. Overall this continues to demonstrate a slow steady uptrend as long as the indexes remain above the T line. Strength is being seen in the big stocks,AAPL, NVDA, AMZN. This is another indicator that investor sentiment continues to remain overall bullish. However, the market remains sector specific. Stay predominately long, have a few short positions also.
March 16th Daily Market Comments
The bobble breakout of the NASDAQ continues to show the strength of expected. The S&P 500 is trading slightly positive, while the Dow is showing some selling today. Overall this continues to demonstrate a slow steady uptrend as long as the indexes remain above the T line. Strength is being seen in the big stocks,AAPL, NVDA, AMZN. This is another indicator that investor sentiment continues to remain overall bullish. However, the market remains sector specific. Stay predominately long, have a few short positions also.