Today’s trading is very positive for the market trend provided the bullish sentiment remains going into the close. The S&P 500 most clearly illustrates a trend kicker at a breakout level. The same scenario can be applied to the Dow and NASDAQ. If the NASDAQ closes near the high end of its trading range today, it will demonstrate the lack of resistance at the recent highs back in September. Continue to stay long. More exact, stay long in the strong sectors, they are showing strength basically due to investor sentiment become an extremely bullish in specific areas of the economy.
November 21st Daily Market Comments
Today’s trading is very positive for the market trend provided the bullish sentiment remains going into the close. The S&P 500 most clearly illustrates a trend kicker at a breakout level. The same scenario can be applied to the Dow and NASDAQ. If the NASDAQ closes near the high end of its trading range today, it will demonstrate the lack of resistance at the recent highs back in September. Continue to stay long. More exact, stay long in the strong sectors, they are showing strength basically due to investor sentiment become an extremely bullish in specific areas of the economy.