Note that numerous stock prices consolidated back to the T-line on Friday. Today’s lack of selling in the market indexes are indicating numerous stocks have supported at the T-line and continue to trade higher. Although the market indexes are trading near or at all-time highs, there is not yet a candlestick sell signal being confirmed. Stay predominately long but have safety stops in place.
October 25th Daily Market Comments
Note that numerous stock prices consolidated back to the T-line on Friday. Today’s lack of selling in the market indexes are indicating numerous stocks have supported at the T-line and continue to trade higher. Although the market indexes are trading near or at all-time highs, there is not yet a candlestick sell signal being confirmed. Stay predominately long but have safety stops in place.