September 26th Daily Market Comments

Yesterday the Dow and S&P 500 formed Doji’s right on the T-line. Today’s positive trading is very relevant, providing the evidence the T-line will act as support if Today’s trading remains positive going into the close. The NASDAQ gapped up today after it close just above the 50 Day Moving Average yesterday, implying the slow uptrending channel is still in progress. It will be important to see how the markets close Today, staying above the T-line will be important.