Today’s relatively flat trading in the market indexes indicates there is no major change of investor sentiment. The uptrend remains in progress with healthy backing and filling along the way. Continue to stay predominantly long. The T-line remains a very effective trend indicator. The NASDAQ may be showing some consolidation your the top of a trend channel but the Dow is still in a good J-hook Pattern wave three. The big tech stocks have moved up to where their trading backup above the T-line, NVDA, AMZN, NFLX. Currently there is no evidence of any major change in investor sentiment.
October 4th Daily Market Comments
Today’s relatively flat trading in the market indexes indicates there is no major change of investor sentiment. The uptrend remains in progress with healthy backing and filling along the way. Continue to stay predominantly long. The T-line remains a very effective trend indicator. The NASDAQ may be showing some consolidation your the top of a trend channel but the Dow is still in a good J-hook Pattern wave three. The big tech stocks have moved up to where their trading backup above the T-line, NVDA, AMZN, NFLX. Currently there is no evidence of any major change in investor sentiment.