The market indexes remain above the T-line, implying the uptrend remains in progress. However, the nature of the uptrend remains the same as the nature of the market for the past few weeks, very choppy. The electric vehicle sector remain strong. Lithium mining stocks are still in an uptrend but experiencing profit-taking today. Although the Dow has sold off today, the NASDAQ is holding up well, another indication today is merely some profit-taking. Crude oil remains around the $41 level. Crude oil stocks have backed off but are still in an uptrend. Stay predominately long.
November 17th Daily Market Comments
The market indexes remain above the T-line, implying the uptrend remains in progress. However, the nature of the uptrend remains the same as the nature of the market for the past few weeks, very choppy. The electric vehicle sector remain strong. Lithium mining stocks are still in an uptrend but experiencing profit-taking today. Although the Dow has sold off today, the NASDAQ is holding up well, another indication today is merely some profit-taking. Crude oil remains around the $41 level. Crude oil stocks have backed off but are still in an uptrend. Stay predominately long.