Although the markets are not trading up with any great resiliency Today, Today’s positive trading implies yesterday’s pullback to the T-line was merely a pullback. Until there is a confirmed sell signal AND a close below the T-line, it has to be assumed based upon probabilities the uptrend is remaining in progress. Stay predominantly long with specific sectors such as oil and biotech’s showing the strongest sector moves.
May 16th Daily Market Comments
Although the markets are not trading up with any great resiliency Today, Today’s positive trading implies yesterday’s pullback to the T-line was merely a pullback. Until there is a confirmed sell signal AND a close below the T-line, it has to be assumed based upon probabilities the uptrend is remaining in progress. Stay predominantly long with specific sectors such as oil and biotech’s showing the strongest sector moves.