The only consistent factor for analyzing the overall market trend continues to be the T-line. The day to day analysis is not illustrating any consistency. However, the indexes are making the T-line the relevant trend factor. Today’s positive trading is bringing the Dow backup through the T-line after the kicker signal of last week. The relatively indecisive trading of the NASDAQ is keeping the trading well above the T-line. The trend, albeit slightly positive, is still very indecisive. This makes having both long and shorts in the portfolio the most viable strategy.
November 20th Daily Market Comments
The only consistent factor for analyzing the overall market trend continues to be the T-line. The day to day analysis is not illustrating any consistency. However, the indexes are making the T-line the relevant trend factor. Today’s positive trading is bringing the Dow backup through the T-line after the kicker signal of last week. The relatively indecisive trading of the NASDAQ is keeping the trading well above the T-line. The trend, albeit slightly positive, is still very indecisive. This makes having both long and shorts in the portfolio the most viable strategy.