November 11th Daily Market Comments

Beware the bounce! Although the indexes are trading higher today, the NASDAQ and the S&P 500 are currently trading back up to the T line. It will be important to see if those indexes can close above the T line today. The electric vehicle sector has bounced back up stay in well above the T line. Be careful, yesterday’s close below the T line indicated a possible change of investor sentiment in this uptrend.