The T-line factor remains very relevant. Bullish sentiment is assumed when the indexes are trading above the T line. However, the indecisive nature of the current uptrend makes identifying specific sectors as the best trade criteria. The defense stocks are showing good strength. At the same time, stocks that have never come back up above the T line are still producing good short profits.
October 19th Daily Market Comments
The T-line factor remains very relevant. Bullish sentiment is assumed when the indexes are trading above the T line. However, the indecisive nature of the current uptrend makes identifying specific sectors as the best trade criteria. The defense stocks are showing good strength. At the same time, stocks that have never come back up above the T line are still producing good short profits.