Today’s positive trading is showing the indexes currently supporting on the T-line. This continues the uptrend, provided the bullish sentiment can continue going into the end of the day. A failure to stay above the T-line today would still make the 50 day moving average a viable target, indicating a few more days of pullback. Have both long and short positions in the portfolio.
October 15th, Daily Market Comments
Today’s positive trading is showing the indexes currently supporting on the T-line. This continues the uptrend, provided the bullish sentiment can continue going into the end of the day. A failure to stay above the T-line today would still make the 50 day moving average a viable target, indicating a few more days of pullback. Have both long and short positions in the portfolio.