September 22nd Daily Market Comments

The T-line rule is still in effect, the downtrend in the indexes will continue as long as the indexes are trading below the T-line. There are a good number of stocks still trading bullish but it is prudent to have a good number of positions short in the portfolio. The downtrend will continue until there is a strong reversal signal in the indexes. Stay oriented toward the short side. Any long positions should have compelling reasons to stay long.