Nothing has altered the current trend. The potential sell signals in the Dow and S&P 500 that formed on Friday are not currently confirming a reversal Today. The NASDAQ, gapping back up toward the open of Friday and continuing to trade positive illustrates the continuation of the current uptrend. The 3T-line has acted as the support for this uptrend in the major indexes. The political rhetoric from Washington DC remains the probable investor sentiment influence. Continue to stay predominantly long until there is a dramatic change of investor sentiment, which is probably going to be induced by something failing in Washington.
May 1st Daily Market Comments
Nothing has altered the current trend. The potential sell signals in the Dow and S&P 500 that formed on Friday are not currently confirming a reversal Today. The NASDAQ, gapping back up toward the open of Friday and continuing to trade positive illustrates the continuation of the current uptrend. The 3T-line has acted as the support for this uptrend in the major indexes. The political rhetoric from Washington DC remains the probable investor sentiment influence. Continue to stay predominantly long until there is a dramatic change of investor sentiment, which is probably going to be induced by something failing in Washington.