The T-line remains a very vital support indicator. The Dow is currently trading right at that level, the NASDAQ is trading positive today backup above the T-line. Unless there is a dramatic selloff today, it still has to be assumed the uptrend remains in progress as long as there is not a major candlestick sell signal and the market indexes closing below the T-line. LABU is trading backup above the T-line today after yesterday’s Doji day, making the biotech stocks good bullish positions. Continue to have both long and short positions in the portfolio.
March 8th Daily Market Comments
The T-line remains a very vital support indicator. The Dow is currently trading right at that level, the NASDAQ is trading positive today backup above the T-line. Unless there is a dramatic selloff today, it still has to be assumed the uptrend remains in progress as long as there is not a major candlestick sell signal and the market indexes closing below the T-line. LABU is trading backup above the T-line today after yesterday’s Doji day, making the biotech stocks good bullish positions. Continue to have both long and short positions in the portfolio.