The market trend analysis is greatly simplified when visually applying the information on a candlestick chart. The combination of candlestick signals and the T line make for highly accurate trend analysis. Although the Dow is trading relatively flat on the day, the other indexes, the NASDAQ, S&P 500, and transportation index continue to show a bearish trend, especially the NASDAQ. Note that short positions that have strong sell signals continue to perform well. If you are not comfortable shorting positions, utilize the short funds.
October 11th Daily Market Comments
The market trend analysis is greatly simplified when visually applying the information on a candlestick chart. The combination of candlestick signals and the T line make for highly accurate trend analysis. Although the Dow is trading relatively flat on the day, the other indexes, the NASDAQ, S&P 500, and transportation index continue to show a bearish trend, especially the NASDAQ. Note that short positions that have strong sell signals continue to perform well. If you are not comfortable shorting positions, utilize the short funds.