The markets are still being affected by the political garbage of Washington. But the underlying factor remains that the McMuffin signal in the indexes of the past few trading days produces strong probabilities the uptrend is in progress. The T-line now becomes the trend indicator. The uptrend remains in progress as long as the indexes continue to trade above the T-line. Witnessing the premarket futures showing that the markets were going to open much lower is an immediate indication that any bullish signals created yesterday were probably not going to confirm. This keeps you out of trades that are working just yet.
March 27th Daily Market Comments
The markets are still being affected by the political garbage of Washington. But the underlying factor remains that the McMuffin signal in the indexes of the past few trading days produces strong probabilities the uptrend is in progress. The T-line now becomes the trend indicator. The uptrend remains in progress as long as the indexes continue to trade above the T-line. Witnessing the premarket futures showing that the markets were going to open much lower is an immediate indication that any bullish signals created yesterday were probably not going to confirm. This keeps you out of trades that are working just yet.