November 19th Daily Market Comments

The T-line illustrates the relevancy of maintaining a position as long as the uptrend remains above the T-line. This is demonstrated in Today’s trading of our recommendation of three weeks ago in CRSP. The same scenario works well in VSTO two weeks ago. The probabilities are dramatically in your favor when a trend continues above the T-line. Today’s market, although trading lower, has not yet shown any reversal of investor sentiment, merely some profit-taking. Stay long but be a little bit more attentive to make sure there is not a severe selling pressure.