May 15th Daily Market Comments

The markets are trading lower but trading above where they opened, illustrating there is no major selling. The T-line is still a major factor. The indexes need to close above the T line to indicate at least a sideways movement of the markets or a possible slow uptrend continuing. Today’s trading is producing uptrending stocks continuing their uptrend. The indecisive trend of the market continues to make the analysis of each individual stock chart the primary analytical factor. Stay predominately long, there are still short positions working also. The biotech sector is providing the biggest profit potential.