Today’s consolidation is not unexpected after the big move yesterday. The uptrend remains in progress as long as there is not a sell signal and a close back below the T-line. The 200 day moving average remains the likely target for the Dow and the S&P 500. There are a few gaps to be filled in the NASDAQ up toward the 200 day moving average. Stay predominately long.
March 2nd Daily Market Comments
Today’s consolidation is not unexpected after the big move yesterday. The uptrend remains in progress as long as there is not a sell signal and a close back below the T-line. The 200 day moving average remains the likely target for the Dow and the S&P 500. There are a few gaps to be filled in the NASDAQ up toward the 200 day moving average. Stay predominately long.