May 18th Daily Market Comments

Warm weather? A potential vaccine? It doesn’t matter, investor sentiment is indicating things are likely to get better in the American economy. Today’s gap up in the indexes are putting the trading range of the indexes well above the T-line and well into the upward trading channel. Today’s positive trading reveals the American economy is not static, investors are indicating confidence, things are likely to get better. Numerous J-hook patterns and scoop patterns are being created, implying more upside. Stay long.