The NASDAQ has a best friend gap up above the T-line so far today. The Dow and S&P 500 have Bullish kicker signals. The T-line is still a major trend indicator on numerous stock charts, there Bullish moves continuing as they stay above the T-line (T-Line Trading). The indecisiveness/whipsaw action of the market indexes is going to be directly attributed to how the tax bill vote finishes out. The prognosis remains the same, have both long and short positions in the portfolio provided they are not showing reversal signals and a close above/below the T-line.
November 16th Daily Market Comments
The NASDAQ has a best friend gap up above the T-line so far today. The Dow and S&P 500 have Bullish kicker signals. The T-line is still a major trend indicator on numerous stock charts, there Bullish moves continuing as they stay above the T-line (T-Line Trading). The indecisiveness/whipsaw action of the market indexes is going to be directly attributed to how the tax bill vote finishes out. The prognosis remains the same, have both long and short positions in the portfolio provided they are not showing reversal signals and a close above/below the T-line.