May 19th Daily Market Comments

The markets are maintaining relatively good strength after the big up day yesterday. Although the Dow is trading lower, it is not selling off with any conviction. At the same time the NASDAQ is trading higher. The S&P 500 is trading flat after opening lower. Crude oil is now trading at $32.60. The indexes trading in the middle of their trend channels is making the bullish candlestick charts continue to produce profitable trades. The nature of the market is still whipsaw/oscillation on a day-to-day basis.