March 23rd Daily Market Comments

The market direction is definitely a function of whether the healthcare vote is going to be positive, negative, or postponed. Yesterday’s Doji in the Dow and S&P 500 occurred on a downtrending support line. Today’s positive trading has the inkling of moving back up to test the T-line. However, the reactionary move is still going to be predicated upon the number of likely votes for or against a new healthcare plan. Stay diligent.