Today’s consolidation in the markets is not unexpected after a big move like yesterday. Watch to see if today’s trading creates another Doji day, providing the prospect for a another Doji sandwich set up for tomorrow. Currently the trend analysis is easy, stay long as long as the indexes do not come back down through the T-line. The transportation index is showing strength, implying this market is not backing off.
November 19th Daily Market Comments
Today’s consolidation in the markets is not unexpected after a big move like yesterday. Watch to see if today’s trading creates another Doji day, providing the prospect for a another Doji sandwich set up for tomorrow. Currently the trend analysis is easy, stay long as long as the indexes do not come back down through the T-line. The transportation index is showing strength, implying this market is not backing off.