November 27th Daily Market Comments

The indecisive nature of the markets remain but still in a slow bullish uptrend. The Dow is showing good strength so far today while the NASDAQ is trading relatively flat and the transportation index has pulled back to the T-line. Overall, there is no change of investor sentiment. As long as the indexes remain above the T-line, consider the uptrend in progress. The strength of each sector/stock should be the main criteria for staying long or staying in short. A number of the high tech stocks that were acting well up until last week have hit severe profit-taking i.e. SQ,STX. Look for other sectors.