Obviously there is buying after the open today. The Dow has the potential of going positive. Although the NASDAQ is trading well above where it opened, it illustrates a very indecisive nondirectional chart. The fry pan bottom patterns continue to work in these market conditions. DKNG, PENN, and WKHS opened lower but are now trading positive. When market conditions make the overall trend very difficult to analyze, the T line still remains a very vital trend indicator when analyzing individual stock charts. Stay long in charts that continue to trade above the T-line.
September 17th Daily Market Comments
Obviously there is buying after the open today. The Dow has the potential of going positive. Although the NASDAQ is trading well above where it opened, it illustrates a very indecisive nondirectional chart. The fry pan bottom patterns continue to work in these market conditions. DKNG, PENN, and WKHS opened lower but are now trading positive. When market conditions make the overall trend very difficult to analyze, the T line still remains a very vital trend indicator when analyzing individual stock charts. Stay long in charts that continue to trade above the T-line.