November 7th Daily Market Comments

The double Doji set up that formed in the Dow yesterday provided good probabilities that if the markets opened positive today, the uptrend would continue, and likely with good strength. The indecisive trading in the NASDAQ and the S&P 500 over the past three days provided the same implication. The candlestick signals and patterns still do not reveal any change of investor sentiment. Assume that the next wave of the market uptrend is in progress but always have safety stop’s in place. Anticipate more upside.