Today’s initial trading is not showing any compelling selling, merely profit-taking with the indexes rolling back and testing the 3T-line. Assume the uptrend remains in progress without the appearance of any candlestick sell signal and continuing to trade above the T-line, as well as the 3T-line. Numerous stock charts continue to show strength, implying there is no major change of the uptrend. Stay long.
October 8th 2015 Daily Market Comments
Today’s initial trading is not showing any compelling selling, merely profit-taking with the indexes rolling back and testing the 3T-line. Assume the uptrend remains in progress without the appearance of any candlestick sell signal and continuing to trade above the T-line, as well as the 3T-line. Numerous stock charts continue to show strength, implying there is no major change of the uptrend. Stay long.