Today’s positive trading, although not demonstratively strong continues to indicate the T-line acting as a support level. The NASDAQ is setting up as a Frypan bottom, implying a slow steady uptrend for the near future. The S&P 500 and the Dow are still trading above the T-line not showing any severe selling pressure. The slow uptrend’s of the market continue to make the evaluation of each individual stock chart the top priority. NFLX is doing a bullish Doji sandwich right at a breakout level. AAPL is setting up as three white soldiers at the T-line. The evaluation of the indexes as well as some of the big followed stocks make the prospects of a continued uptrend very likely.
September 26th Daily Market Comments
Today’s positive trading, although not demonstratively strong continues to indicate the T-line acting as a support level. The NASDAQ is setting up as a Frypan bottom, implying a slow steady uptrend for the near future. The S&P 500 and the Dow are still trading above the T-line not showing any severe selling pressure. The slow uptrend’s of the market continue to make the evaluation of each individual stock chart the top priority. NFLX is doing a bullish Doji sandwich right at a breakout level. AAPL is setting up as three white soldiers at the T-line. The evaluation of the indexes as well as some of the big followed stocks make the prospects of a continued uptrend very likely.