The Dow forming a MorningStar signal yesterday with a close above the T line provided the prospects that a bullish reversal could be ready to start, based upon how the markets opened this morning. Obviously, the bulls are taking back control. The S&P 500 and the NASDAQ also trading back up above the T line. This is bullish confirmation, however watch to see if the Fed meeting provides any surprises.
March 16th Daily Market Comments
The Dow forming a MorningStar signal yesterday with a close above the T line provided the prospects that a bullish reversal could be ready to start, based upon how the markets opened this morning. Obviously, the bulls are taking back control. The S&P 500 and the NASDAQ also trading back up above the T line. This is bullish confirmation, however watch to see if the Fed meeting provides any surprises.