The slow steady buying indicates calculated buying versus exuberance during this uptrend. The T-line remains a relevant factor for the market uptrend as well as individual stock prices. Numerous stock prices have consolidated mildly back to the T-line and then started back up. This indicates profit-taking occurring along the way. Continue to stay long as long as prices stay above the T-line.
November 12th Daily Market Comments
The slow steady buying indicates calculated buying versus exuberance during this uptrend. The T-line remains a relevant factor for the market uptrend as well as individual stock prices. Numerous stock prices have consolidated mildly back to the T-line and then started back up. This indicates profit-taking occurring along the way. Continue to stay long as long as prices stay above the T-line.