The Dow, S&P 500, and the transportation index are all trying to come up through the T-line today. The strongest indicator is the NASDAQ, gapping up today, forming a scoop pattern with a large piercing signal showing the reversal at the 50 day moving average last week. Crude oil prices are trading higher and gold prices appear to be holding at the most recent support level. Currently bullish sentiment is in control.
September 19th Daily Market Comments
The Dow, S&P 500, and the transportation index are all trying to come up through the T-line today. The strongest indicator is the NASDAQ, gapping up today, forming a scoop pattern with a large piercing signal showing the reversal at the 50 day moving average last week. Crude oil prices are trading higher and gold prices appear to be holding at the most recent support level. Currently bullish sentiment is in control.