September 21st Daily Market Comments

The indexes are continuing to demonstrate consolidation during the uptrend, not any major change of investor sentiment. The Dow is used the 3T-line as support Today, the S&P 500 has use the T-line as support. The NASDAQ is showing the most weakness, after a series of Doji’s it is currently trading below the T-line. The transportation index is trading higher. The accumulative analysis of all the indexes merely indicate shifting of funds, no major exodus from the markets. Continue to use the signals and the T-line to stay predominantly long with some short positions in the portfolio.