May 21st Daily Market Comments

The oscillating nature of the market trend remains in progress, up one day down the next day. The T-line remains the strongest overall indicator for the market/price trends. Continue to utilize the strong patterns, such as the J Hook pattern, as seen in HZO. Fry pan bottom patterns have been developing in the oil stocks. With the overall market trend still in a relatively indecisive stage, utilizing the patterns at least provide a visual expectation of individual stock prices even when the overall market trend is not compelling.