The Dow is currently trading back to the T-line after yesterday’s bearish engulfing signal. Unless the Dow can actually close below the T-line the uptrend in the markets still remain the top prognosis. The NASDAQ is trading slightly positive after opening lower, showing buying is still occurring. The analysis remains the same, stay long in positions above the T-line and have logical safety stop’s in place.
November 20th Daily Market Comments
The Dow is currently trading back to the T-line after yesterday’s bearish engulfing signal. Unless the Dow can actually close below the T-line the uptrend in the markets still remain the top prognosis. The NASDAQ is trading slightly positive after opening lower, showing buying is still occurring. The analysis remains the same, stay long in positions above the T-line and have logical safety stop’s in place.