September 20th Daily Market Comments

Although the Dow is still trading higher, the strongest bullish indication today was the gap up in the NASDAQ after yesterday’s Doji day right at the T-line. The analysis is very simple, as long as the indexes continue to trade above the T-line, the uptrend remains in progress. The trading strategy remains the same, the bias of the portfolio should be bullish with a few short positions still producing good profits.