The indexes bouncing well up above the T-line with the Dow pushing once again towards an all-time high. Profit-taking in the electric vehicles today but strength coming back into oil stocks and some of the biotech’s. As the uptrend remains in progress, expect sector rotation. Utilize your candlestick scanning to show which sectors are picking up strength and others starting to selloff. This is a good trading market moving from sector to sector.
November 24th Daily Market Comments
The indexes bouncing well up above the T-line with the Dow pushing once again towards an all-time high. Profit-taking in the electric vehicles today but strength coming back into oil stocks and some of the biotech’s. As the uptrend remains in progress, expect sector rotation. Utilize your candlestick scanning to show which sectors are picking up strength and others starting to selloff. This is a good trading market moving from sector to sector.