All the indexes are currently nudging the 200 day moving average today. This is creating bullish Doji sandwiches. The transportation index has moved up nicely through the T-line. These are all bullish indicators provided the markets close near the top end of their trading range and especially if they close above the T-line/200 day moving average resistance levels. Long positions should be watched closely today. If the market indexes start backing off from the resistance levels, make sure long positions are continuing to demonstrate strength.
November 18th Daily Market Comments
All the indexes are currently nudging the 200 day moving average today. This is creating bullish Doji sandwiches. The transportation index has moved up nicely through the T-line. These are all bullish indicators provided the markets close near the top end of their trading range and especially if they close above the T-line/200 day moving average resistance levels. Long positions should be watched closely today. If the market indexes start backing off from the resistance levels, make sure long positions are continuing to demonstrate strength.