The Dow traded positive on Friday while the NASDAQ back off. This makes the assessment that the uptrend remains in progress as long as the indexes continue to trade above the T line, but it still may be a choppy/sector specific market atmosphere. The Biotech’s continue to act well,HGEN, AUTL,SMMT, ATNF, KYMR, WVE. The shipping stocks are also showing strength, they can be bought on positive trading Monday,GNK, NNA, ASC, SB, DSSI. These market conditions allow for having long positions in place as well as short positions i.e. PRPL.
The uptrend should continue in the markets as long as there is not any severe reversal signals.
