The indexes continue to use the T-line as a support, making today’s trading more indicative of consolidation/profit-taking versus any full-scale reversal. Numerous stocks have also pulled back to the T line and showing support. Use the T line rule – as long as the markets/individual stocks continue to trade above the T line, assume the uptrend is still in progress. But keep safety stops in place.
November 10th Daily Market Comments
The indexes continue to use the T-line as a support, making today’s trading more indicative of consolidation/profit-taking versus any full-scale reversal. Numerous stocks have also pulled back to the T line and showing support. Use the T line rule – as long as the markets/individual stocks continue to trade above the T line, assume the uptrend is still in progress. But keep safety stops in place.