Today’s positive trading after yesterday’s Doji in the indexes is the confirmation needed to indicate a major change of investor sentiment. All the indexes are currently trading above the T line. The Dow is currently nudging the 50 day moving average but the NASDAQ and S&P 500 have gone right through the 50 day moving average. The uptrend is in progress provided the markets do not close back near the low end of their trading range today.
May 24th Daily Market Comments
Today’s positive trading after yesterday’s Doji in the indexes is the confirmation needed to indicate a major change of investor sentiment. All the indexes are currently trading above the T line. The Dow is currently nudging the 50 day moving average but the NASDAQ and S&P 500 have gone right through the 50 day moving average. The uptrend is in progress provided the markets do not close back near the low end of their trading range today.